Foreclosure timing
Posted: Mon Mar 03, 2014 8:27 pm
Neither, unless the sale is postponed over one year. Go to a couple of auctions and you will get the idea. The saleperson stands at the auction location with cell phone in hand, phone is hand is so the auctioneer can take calls from the home office when there are late bk notices, or a bank gives a late postponement. At the time of the sale, say 10am, the sales person calls the ts number and either conducts the sale, announces a postponement to a particular date, or cancels the sale.
If the sale is continued, it will be to a particular date and time. At that time the process will repeat. Continuing the sale is not considered a violation of the stay. If the stay is lifted for any reason, at the next sale date, the sale goes forward and the debtor loses the property.
But, as stated above, if the postponements go on for over one year, a new notice of trustee's sale must be published.
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Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503 310-328-1001-voice
> On Feb 7, 2014, at 3:40 PM, "Steven B. Lever" wrote:
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> I have a case where the bankruptcy stayed the pending foreclosure for over a year.
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> Does the foreclosure trustee have to start the entire process over with the NOD or only the notice of sale?
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> Just if anyone knows off the top of their head.
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> Thank you
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> Steve
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> Law Offices of Steven B. Lever
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> > Steven B. Lever
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> >( Tel. (562) 436-5456 ext. 1
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> >( Fax (562) 485-6886
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> >* sblever@leverlaw.com
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I have a case where the bankruptcy stayed the pending foreclosure for over a year. Does the foreclosure trustee have to start the entire process over with the NOD or only the notice of sale? Just if anyone knows off the top of their head. Thank you Steve Law Offices of Steven B. Lever> > Steven B. Lever>( Tel. (562) 436-5456 ext. 1>( Fax (562) 485-6886>* sblever@leverlaw.com> www.leverlaw.com> ******************************************************> This Internet e-mail contains confidential information> which is intended only for the addressee and which may
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