Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson

Exercise 9

Wanda Williams purchased a residence that was financed by SunTrust Bank. After she failed to make the monthly payments, the bank began foreclosure proceedings. After required notices were given, the bank purchased the property at the foreclosure sale on October 2. On October 11, Williams filed a petition in bankruptcy and sought to set aside the foreclosure sale. Did she still have any interest in the property? Was there sufficient interest for the court to set aside the sale?