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Updated over 15 years ago,

Webb Sledge's profile image
Webb Sledge's profile image
Webb Sledge
  • Real Estate Investor
  • from Lynchburg, Virginia
  • Member since May 13, 2009
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User Stats

41
Posts
3
Votes
Webb Sledge's profile image
Webb Sledge's profile image
Webb Sledge
  • Real Estate Investor
  • from Lynchburg, Virginia
  • Member since May 13, 2009
Connect
Webb Sledge
  • Real Estate Investor
  • Lynchburg, VA
3
Votes |
41
Posts
Foreclosures

Auction Cancelled due to Bankruptcy?

Webb Sledge
  • Real Estate Investor
  • Lynchburg, VA
Posted

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?

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