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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Had To Think About That A While Posted by SeanW on November 08, 2003 at 8:18 PM In Reply to: Re: Improperly Reversed Sale? posted by Bill H on November 08, 2003 at 4:01 PM I almost posted a reply, challenging your explanation. But I think I get it. The reasoning is: A person on the trust deed, is beholden to a creditor, and needs automatic stay to sort out his BK filing. The reasoning is not: An owner of real estate needs automatic stay, to help protect his home. I.e. if in my example, the husband had QCD to his cousin, and the cousin filed bankruptcy, that would have no effect on anything. The cousin doesn't owe money to anybody in the foreclosure process. Follow Ups: Re: Had To Think About That A While Rick Harmon 9:16 PM, 11/08/03 (1) Horse's Mouth SeanW 3:54 AM, 11/09/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I almost posted a reply, challenging your explanation. : But I think I get it. : The reasoning is: A person on the trust deed, is beholden to a creditor, and needs automatic stay to sort out his BK filing. : The reasoning is not: An owner of real estate needs automatic stay, to help protect his home. : I.e. if in my example, the husband had QCD to his cousin, and the cousin filed bankruptcy, that would have no effect on anything. The cousin doesn't owe money to anybody in the foreclosure process. 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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