Auction Cancelled due to Bankruptcy?

[Webb Sledge]

I just called a trustee to find out the outcome of an auction near me, and she told me the auction was cancelled due to bankruptcy.

How would this have worked? I thought the bank would auction the house off anyway. What does an auction, where the bank is looking to recoup their money, have to do with the owner of record filing for bankruptcy?

[Rich Weese]

I had a home I was interested in come up and sale was stopped due to foreclosure-twice. Cahap 13 and then I guess chap 11. I really followed it and eventually bought it for $120,400. Sold it for $210K a few months later with little rehab. Turned out to be best foreclosure I've bought. If they're trying this tactic it may be a strong home to try and buy. Good luck. Rich.