Foreclosure and Bankruptcy

This is a discussion on Foreclosure and Bankruptcy within the Mortgages, Refinancing, Foreclosure forum, part of the Buying & Selling Property category; My mother was just discharged from Chapter 7 bankruptcy 60 days ago in Alabama, she reafirmed her mortgage. There is ...

Consult Your Own Personal Lawyer Now!
Reply

 

Thread Tools Search this Thread Rate Thread Display Modes
Old May 7th, 2008, 06:36 PM   #1
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Foreclosure and Bankruptcy

My mother was just discharged from Chapter 7 bankruptcy 60 days ago in Alabama, she reafirmed her mortgage. There is still a judgement lien on the property for $300,000, a mortgage of $82,000, a second mortgage of $14,000. According to her taxes the property is worth $200,000. Can we force the bank to foreclose on her house and myself and my sister buy the house at action for the mortgage price of $82,000 and have the $300,000 judgement lien wiped off? Will the bankruptcy trusty have any power to stop the foreclosure?
  Reply With Quote
Reply

Bookmark & Share

Tags
None



Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

| More

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Format Your Messages
Add Forum to Google Toolbar
Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
Bankruptcy or Foreclosure Dean_williams Off Topic Messages 0 May 28th, 2009 09:10 PM
Which is better choice? Foreclosure or Bankruptcy? Unregistered Consumer Bankruptcy 1 Jan 13th, 2009 10:39 AM
attorney's ommission about bankruptcy/foreclosure causing major problems deniseblogna Attorneys & Legal Ethics 3 Jan 22nd, 2008 05:40 PM
foreclosure, bankruptcy, will they try to take my tax money? Unregistered Mortgages, Refinancing, Foreclosure 2 Jan 7th, 2007 12:07 PM
foreclosure, bankruptcy, will they try to take my tax money? Unregistered Other Real Estate Law Matters 1 Jan 6th, 2007 03:23 PM


Powered by U.S. Legal Forms


All times are GMT -5. The time now is 04:52 PM.