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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Gives the winning bidder a reasonable time period to complete the sale... Posted by Ward-CA- on March 16, 2004 at 11:15 PM In Reply to: What is the 15 days for?? posted by JK on March 16, 2004 at 10:37 PM : Mr. Ward : What then is the purpose of the 15 days in the civil code? : If the Trustees deed may be recorded later with all the same effects, why have the 15day limit? : Thank you. ==================== The real purpose of the post sale recording rule is to delineate the intervention rights of the bankruptcy court. A post sale bankruptcy filing made by the ex-owner won’t have any effect on the winning bidder’s right to the title of the property as long as the recording of the trustee’s deed is done with 15 business days following the foreclosure auction. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Mr. Ward : : What then is the purpose of the 15 days in the civil code? : : If the Trustees deed may be recorded later with all the same effects, why have the 15day limit? : : Thank you. : ==================== : The real purpose of the post sale recording rule is to delineate the intervention rights of the bankruptcy court. : A post sale bankruptcy filing made by the ex-owner won’t have any effect on the winning bidder’s right to the title of the property as long as the recording of the trustee’s deed is done with 15 business days following the foreclosure auction. 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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