If the public auction is not successful, the secured creditor ...

[jc611]

If the public auction is not successful, the secured creditor (bank) becomes the owner of the property. Bank-owned properties are referred to as ________.
 
  Fill in the blank(s) with correct word

Question 2

Creditors do have the right, upon filing a(n) ________ with the bankruptcy court and serving the debtor and the trustee with proper notice of the motion, to request relief from the Automatic Stay.
 
  Fill in the blank(s) with correct word

[allisonblackmore]

Answer to Question 1

REO properties

Answer to Question 2

motion for relief from Automatic Stay

[jc611]

Thanks for the timely response, appreciate it

[deja]

Wow, this really help