Foreclosure Question

This is a discussion on Foreclosure Question within the Mortgages, Refinancing, Foreclosure forum, part of the Buying & Selling Property category; From VA: My neighbor's condo was foreclosed on in January and then she declared bankruptcy in May (Chapter 7 was ...

Consult Your Own Personal Lawyer Now!
Reply

 

Thread Tools Search this Thread Rate Thread Display Modes
Old Aug 15th, 2008, 07:22 PM   #1
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

EEK! 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.
  Reply With Quote
Sponsored Links
Our lawyers can help you avoid foreclosure to salvage your home, buy time to pay mortgage debts, and resolve your financial troubles. Consult Your Own Personal Lawyer Now!
Old Aug 15th, 2008, 09:11 PM   #2
Top Level Member
 
able1's Avatar
 
Join Date: Feb 2007
Posts: 782

Default Re: Foreclosure Question

Unfortunately she can buy it back yes.

It would seem a bit unlikely unless she gets help from family etc.
able1 is offline   Reply With Quote
Old Aug 15th, 2008, 09:52 PM   #3
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

EEK! 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?
  Reply With Quote
Old Aug 17th, 2008, 12:57 PM   #4
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Re: Foreclosure Question

They could ask the bankruptcy court to see if she has acted fraudulently or is misusing the process.
  Reply With Quote
Reply

Bookmark & Share

Tags
None

This thread has 3 replies and has been viewed 536 times

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
foreclosure question oni131 Miscellaneous Topics 1 Aug 6th, 2008 10:24 AM
Foreclosure Unregistered Other Real Estate Law Matters 0 May 31st, 2008 01:28 PM
foreclosure Unregistered Mortgages, Refinancing, Foreclosure 0 May 26th, 2008 11:33 AM
foreclosure Unregistered Mortgages, Refinancing, Foreclosure 1 Dec 9th, 2007 07:39 PM
Foreclosure Procedure Question Urgent!!! Unregistered Mortgages, Refinancing, Foreclosure 1 Sep 5th, 2007 07:15 PM


Our lawyers can help you avoid foreclosure to salvage your home, buy time to pay mortgage debts, and resolve your financial troubles. Consult Your Own Personal Lawyer Now!


All times are GMT -5. The time now is 09:50 PM.