Re: Lost property update
Posted by Nick(Colorado) on December 02, 2003 at 18:46:55:In Reply to: Lost property update posted by Cosmos on December 01, 2003 at 19:06:01:
Cosmos:
>We live in PA. We didn't attend our bankruptcy hearing >in order to let it dismiss so that we could sell our >property to our children per our attny's suggestion.
I will defer to a person that is more up to speed on PA statue as to if the foreclosing entity had to restart the foreclosure process when the stay was lifted. For what you have posted, this appears not to be the case. Thus the foreclosure picked up where it left off, post stay, with an immediate sale. If this is the case, then I would first ask the question; is it worth the trouble of trying to get this sale reversed. You are left with one of the following:
- If there was no third party involvement at auction, then you may petition the lender to sell you the property.
- If there was third party involvement at auction you may by the property from them a FMV.
- You might try to get a BNK trustee/judge to reverse the sale. But this will be for their benefit, not yours.
Name : E-Mail : Subject :
Comments:: Cosmos:: >We live in PA. We didn't attend our bankruptcy hearing : >in order to let it dismiss so that we could sell our : >property to our children per our attny's suggestion. : I will defer to a person that is more up to speed : on PA statue as to if the foreclosing entity had : to restart the foreclosure process when the stay : was lifted. For what you have posted, this appears : not to be the case. Thus the foreclosure picked up : where it left off, post stay, with an immediate sale. : If this is the case, then I would first ask the : question; is it worth the trouble of trying to get : this sale reversed. You are left with one of the : following:: - If there was no third party involvement at : auction, then you may petition the lender to : sell you the property. : - If there was third party involvement at auction: you may by the property from them a FMV.: - You might try to get a BNK trustee/judge to : reverse the sale. But this will be for their : benefit, not yours.Optional Link URL : Link Title :
If you press "Preview Message," you are taken to a preview screen where your message is shown to you before allowing you to post it. Your message is not finalized until you click "Post Message".