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Current Foreclosure Discussion Foreclosures Discussion Archive 3



Re: Bankruptcy provides an automatic stay.



Posted by Jim V on July 01, 2002 at 02:42:18:

In Reply to: Help!!! How long do I have after sale at action? posted by Miranda on June 30, 2002 at 22:45:10:

Bankruptcy filing automatically stops the foreclosure process until the lender can obtain a relief from the stay or you do not complete the filing.

In Southern California right now, there really is no reason to allow a property to go to sale. Virtually all properties have some equity in them due to recent market appreciation.



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