InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] coming out of chapter 7 Posted by Jason on October 08, 2003 at 8:49 AM I have seller who is going into foreclosure. He says that he was unaware of the foreclosure on the property and that he thought the property was taken care of with the chap 7 bk. Now he is surprised of this foreclosure. He says the chap 7 is "done" and over. I asked what his bk attorney said about this and he said that there was equity in the home and that he could get it if he sold it. What does everyone think is going on here? I thought that iin a ch 7 bk if the property is included, isn't it sold to pay off the debt? Thanks Jason Follow Ups: Bankruptcy exemptions Ward-CA- 11:27 AM, 10/09/03 (0) Re: coming out of chapter 7 mcduffee 11:48 PM, 10/08/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have seller who is going into foreclosure. He says that he was unaware of the foreclosure on the property and that he thought the property was taken care of with the chap 7 bk. Now he is surprised of this foreclosure. He says the chap 7 is "done" and over. I asked what his bk attorney said about this and he said that there was equity in the home and that he could get it if he sold it. What does everyone think is going on here? I thought that iin a ch 7 bk if the property is included, isn't it sold to pay off the debt? : Thanks : Jason Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455