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Foreclosure On Estate

Posted by SeanW on August 31, 2003 at 4:27 AM

When an estate in in foreclosure, do the heirs face any negative credit consequences if they do not stop it?

Would you think that heirs have less incentive to file bankruptcy, in an attempt to "keep the house?"

If they still have an incentive, what if only one heir files bankruptcy? Is that enough-- or would they all need to, in order to stay the foreclosure? (That sounds like it'd be a tough thing to get agreement on!)


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