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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Doing a JBB while the property is in bankruptcy. Posted by Ward-CA- on October 08, 2001 at 6:33 AM In Reply to: jbb in bankruptcy posted by Lisa on October 07, 2001 at 8:33 PM : Thank you for your help in advance. : Can you still have a second assigned over to you if the owner has filed for bankruptcy. If I did buy out the second, could I still record if the owner is in bankruptcy or would filing with the recorder after bankruptcy void out my interest. =•=•=•=•=•=•=•=•=•=•=•=•= Lisa, I’m going to assume that the owner of the 2nd hasn’t filed for bankruptcy, rather it’s probably the owner of the property that’s in bankruptcy, right? If my assumption is correct, then the sale of the junior bene’s interest and the recording of the assignment isn’t affected in any way by the bankruptcy of the property owner. Creditors can buy and sell their interests to one another at any time since such transfers don’t materially affect their debtors whatsoever. Hope I guessed right. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Thank you for your help in advance. : : Can you still have a second assigned over to you if the owner has filed for bankruptcy. If I did buy out the second, could I still record if the owner is in bankruptcy or would filing with the recorder after bankruptcy void out my interest. : =•=•=•=•=•=•=•=•=•=•=•=•= : Lisa, I’m going to assume that the owner of the 2nd hasn’t filed for bankruptcy, rather it’s probably the owner of the property that’s in bankruptcy, right? If my assumption is correct, then the sale of the junior bene’s interest and the recording of the assignment isn’t affected in any way by the bankruptcy of the property owner. : Creditors can buy and sell their interests to one another at any time since such transfers don’t materially affect their debtors whatsoever. : Hope I guessed right. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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