Will a bancruptcy filed at 1:30 pm on a foreclosure that was auctioned at 10:30 am of same day, stop the sale?

November 4th, 2008 | by bpac |
help stop foreclosure
moxyone asked:


Filing a BK is supposed to stop a lender from being able to auction off home in foreclosure. If the auction was scheduled for 10:30am and the BK wasn’t filed until 1:30pm, would the lender be able to buy the home back? Does the actual ‘time of day’ BK is filed determine the outcome of a sale or not?

BRENDON
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  1. 2 Responses to “Will a bancruptcy filed at 1:30 pm on a foreclosure that was auctioned at 10:30 am of same day, stop the sale?”

  2. By wartz on Nov 5, 2008 | Reply

    The sale would have been done deal.

  3. By iltmaemc on Nov 6, 2008 | Reply

    The lender as owner if you are no bearing as owner so the lender as owner if you filed bk would have no bearing as owner so the property would revert back to the owner if you filed bk before the lender as you are no longer the property.

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