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| Mortgages, Refinancing, Foreclosure All matters concerning mortgage foreclosure law and refinancing. |
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#1 |
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Posts: n/a
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Foreclosure Question
From VA: My neighbor's condo was foreclosed on in January and then she declared bankruptcy in May (Chapter 7 was granted on August 7th). The bank held the auction for the sale of the condo on August 10th. Would it be legal for my former neighbor to buy her condo back at the foreclosure auction? Due to her altered mental status, she might attempt to do it using an alias or to have a friend buy it for her. The woman harassed me for 18 months with crazy complaints and I certainly don't want find out that I'm now getting her back as a neighbor.
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#2 |
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Top Level Member
Last Online:
Nov 16th, 2008 01:08 PM Join Date: Feb 2007
Posts: 723
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Unfortunately she can buy it back yes.
It would seem a bit unlikely unless she gets help from family etc. |
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#3 |
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Re: Foreclosure Question
The current tenant was at the foreclosure auction and said that the woman who bought the condo bore a resemblance to the former owner. What about the condo fees that she is in arrears for? According to the bankruptcy papers, the condo association is one of the creditors in the bankruptcy proceeding. If she has bought the condo again, is there anything the other owners can legally do to ensure that she pays all future condo fees?
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#4 |
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They could ask the bankruptcy court to see if she has acted fraudulently or is misusing the process.
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