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 ] Trustee Sale and Bankruptcy Posted by steve on March 26, 2004 at 4:03 AM I am following a property to the TS. The owner has a foreclosing 1st and several recent judgements. The Trustee sale phone line (a couple weeks ago) stated that the sale has been postponed due to bankruptcy. However, I couldn't find a filing from a search in PACER. How long is the typical lag (from filing to appearing on the site) in PACER? Does the owner acutally have to have filed a bankruptcy (paper in hand) in order for the Trustee to postpone the sale or does the owner just need to say she is in bankruptcy? If it's the latter, it seems one can bascially say anything for a postponement.? What risks are there if I buy this property at a Trustee sale? Do any of the judgements have a precedence since the owner is in bankruptcy? Thank you for your valuable information. Follow Ups: PACER. judgments and bankruptcy... Ward-CA- 7:43 AM, 03/26/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I am following a property to the TS. The owner has a foreclosing 1st and several recent judgements. The Trustee sale phone line (a couple weeks ago) stated that the sale has been postponed due to bankruptcy. However, I couldn't find a filing from a search in PACER. : How long is the typical lag (from filing to appearing on the site) in PACER? : Does the owner acutally have to have filed a bankruptcy (paper in hand) in order for the Trustee to postpone the sale or does the owner just need to say she is in bankruptcy? If it's the latter, it seems one can bascially say anything for a postponement.? : What risks are there if I buy this property at a Trustee sale? Do any of the judgements have a precedence since the owner is in bankruptcy? : Thank you for your valuable information. 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