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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Beyond Bankruptcy Posted by Eric - CA on October 17, 2001 at 12:57 AM I have now had a few properties I was tracking have the trustee sale "cancelled" due to the property owner filing for bankruptcy a day or two before the sale. These houses still have enough equity to make them worthwhile to chase so I wondered what happens in the bankruptcy. If the person can't pay now, I can't imagine them being able to pay later. So how does it work. Does the lender take back the property? Do they wait until they emerge from bankruptcy, get delinquent again and then start a foreclosure again? It just seems to easy to file for bankruptcy and keep your house (easy in relation to living on the street)and avoid payments for some indefinite time period. My real question should I continue to track this property and if so...how? Are the bankruptcy houses sold some other way? I know nothing of bankruptcy as you can tell. Follow Ups: Re: Beyond Bankruptcy Ward-CA- 5:55 PM, 10/17/01 (2) Re: Beyond Bankruptcy Eric - CA 11:44 AM, 10/18/01 (1) Re: Bankruptcy bliss. Ward-CA- 4:56 PM, 10/18/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have now had a few properties I was tracking have the trustee sale "cancelled" due to the property owner filing for bankruptcy a day or two before the sale. : These houses still have enough equity to make them worthwhile to chase so I wondered what happens in the bankruptcy. If the person can't pay now, I can't imagine them being able to pay later. So how does it work. Does the lender take back the property? Do they wait until they emerge from bankruptcy, get delinquent again and then start a foreclosure again? It just seems to easy to file for bankruptcy and keep your house (easy in relation to living on the street)and avoid payments for some indefinite time period. : My real question should I continue to track this property and if so...how? Are the bankruptcy houses sold some other way? : I know nothing of bankruptcy as you can tell. 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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