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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Bankruptcy by the current owner Posted by Kenny on October 13, 2003 at 11:06 AM I am negotiating a deal with a guy that the Grant Deed is under his name, but he bought the house "subject to". The house will go to Trustee Sale by the first lien holder in few days. The house does not have enough equity, and the only way to make some money on this one is to negotiate with the second lien holder. I need more time to do so. Can the current owner, which is not the Trustor of the liens, file bankruptcy and delay the Trustee Sale? Follow Ups: Re: Bankruptcy by subject-to owner SeanW 5:56 PM, 10/13/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I am negotiating a deal with a guy that the Grant Deed is under his name, but he bought the house "subject to". The house will go to Trustee Sale by the first lien holder in few days. : The house does not have enough equity, and the only way to make some money on this one is to negotiate with the second lien holder. I need more time to do so. : Can the current owner, which is not the Trustor of the liens, file bankruptcy and delay the Trustee Sale? 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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