Auction Process
Like most I have seen here, my partner and I are just getting started and we both work full time. In this week's newspaper foreclosure listings for the May auction, I noticed three we sent letters to for the last Tuesday's April auction. Did they file Bankruptcy at the last minute to stall? Only one of them posted for May had language stating the auction would only ...take place if the allowed by the U.S. Bankruptcy Court...
Can someone out there give me a quickie tutorial on how the auction process works? I would really appreciate the education.
Thanks and I'm glad to be a brand new member of this site!
more likely they came in with some kind of last-minute filing in the state court which delayed matters but not long enough. Best to negotiate with their attny at this point. If you can waive money they are getting to the point where any deal looks good.
Thank you for your reply. I appreciate it.