InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] You've got the picture... Posted by Ward-CA- on February 01, 2004 at 10:42 PM In Reply to: Foreclosure and bankruptcy posted by Deborah on February 01, 2004 at 4:36 PM : We noticed in public records there was a foreclosure in our neighborhood, but now learned that the owners filed chapter 13 bankruptcy. Is everything put on hold now? Meaning the home will not go to auction? Thank you. ====================== Deborah, Yes, everything’s on hold temporarily. The property won’t go to auction until the lender has been able to convince the Bankruptcy Court to give it relief from the automatic stay that protects the owner’s property from creditor actions, such as foreclosure. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : We noticed in public records there was a foreclosure in our neighborhood, but now learned that the owners filed chapter 13 bankruptcy. Is everything put on hold now? Meaning the home will not go to auction? Thank you. : ====================== : Deborah, : Yes, everything’s on hold temporarily. The property won’t go to auction until the lender has been able to convince the Bankruptcy Court to give it relief from the automatic stay that protects the owner’s property from creditor actions, such as foreclosure. : Hope this helps. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2004, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455