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Updated over 7 years ago on . Most recent reply

User Stats

53
Posts
3
Votes
Matt Pfefferlen
  • santa monica, ca
3
Votes |
53
Posts

Bankruptcy Automatic Stay - Foreclosure

Matt Pfefferlen
  • santa monica, ca
Posted

I am looking at buying a foreclosure at a trustee sale.  The homeowner has filed bankruptcy twice in the last 6 months.  As I understand it there would be no automatic stay if they file for a 3rd time in a year.  Is there a process that would delay the foreclosure to determine this or does the trustee sale move ahead and ignores the 3rd filing.  Futhermore, they had a bankruptcy discharged within 8 years, and this 2nd filing in a year is about to get thrown out as judge set a hearing to discuss this fact.  So the fact that the foreclosure was delayed even though clearly they had a discharge in 8 years makes me wonder if the foreclosure could be delayed even though no automatic stay after 3rd filing in a year since there is a process that takes time  to determine this.

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