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Foreclosure Forum |
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Re: VRM and Chapter 13 BKIn Reply to: VRM and Chapter 13 BK posted by ken on June 08, 2003 at 9:05 PM : Hi, Ward, I am looking forward to hearing you this month and to, hopefully, meeting you in Huntington Beach. : I have a couple of unrelated questions in the meantime: : 1: I understand that Variable Range Marketing (VRM)is offering a property for sale within a range of prices...say $100-120k. Butwhat is the practical use of this pricing? : 2: If an owner's filing a bankruptcy in Chapter 13 a couple of days before a trustee sale of a property forestalls the effect of the sale of the property (for the time being), where does that leave the hapless "winning" bidder and his money? : Thanks, Ken =-=-=-=-=-=-=-=-=-= Ken, #2: If the Trustor files an emergency petition in chapter 13 prior to the sale, it will prevent the scheduled sale from occuring, hence nobody may bid until the rescheduled sale if there is one. Travis
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