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Emergency Filing

Posted by Camille Calenda on February 16, 2004 at 6:15 PM

Hi Ward-

Thanks for your answers to my trust questions! Two more questions for you....

1. We just met with a seller and their trustees sale is in 6 days and the property is 100% financed. I'm wondering if I could do a Ch. 13 emergency filing to postpone the sale and still do a short sale with the bank. Does a Ch. 13 ruin the short sale in the banks eyes?

2. I’ve skip traced a seller and have called all his relatives and sent him mail to several addresses and I still can’t get a hold of him. I called the bank and told them I wanted to buy the defaulted note and they said they can’t sell the note unless there is authorization from the seller. I told them he’s gone and they said that I can only bid at auction. Should I have asked differently or called a specific department?

Thank you!!
Camille :)




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