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More questions ....

Posted by James-CA on September 22, 2003 at 8:56 AM

Hi Ward,

I have been going over everything you taught me in the seminar(s) and I have a couple more questions (on the "finish" side) before I go out knocking on doors:

1. What do I do with the THT after the property is sold? If it is dissolved, how does that occur?

2. I understand to postpone a trustee's sale you are to file an emergency petition with Bankruptcy Court. However, what then? I assume, you just continue on with the deal with the homeowners and get the property into a THT, but after that, do you then petition to dismiss the bankruptcy? Is that all there is?

3. When you are giving the owners paper, on the Deed of Trust, individually, they are the trustee (one of them), and their THT is the beneficiary, correct?

4. Lastly, I sent you an e-mail with a time line that I created which I believe is accurate. Can you look at it and make sure it is correct?

Thanks a lot.


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