---

Lease/Purchase Agreement

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Nancy5153009 Guest	Posted: Thu May 12, 2011 12:10 pm    Post subject: Lease/Purchase Agreement Like 0 Dislike 0 I have a home that I sold with a lease purchase agreement 10 years ago. The home is still in my name but the tenants only have 10 years left on the owner financing. The problem...I am now going to have to take bankruptcy due to some bad investment. I plan on taking chapter 7...how will this house be handled in the bankruptcy. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10531 Location: ALASKA 1085.02 Dollars($)	Posted: Thu May 12, 2011 9:05 pm    Post subject: Like 0 Dislike 0 Welcome Nancy, You may have to include this house in your bankruptcy filing. I will suggest you to speak to a bankruptcy attorney in this regard and then take the right decision. _________________ Procrastination is the enemy of your financial success
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Thu May 12, 2011 9:08 pm    Post subject: Like 0 Dislike 0 Hi Nancy5153009, Welcome to Mortgagefit, Whether you wish to keep the property or just want to let it go? If you wish to keep the property you should file chapter 13 and if you file ch.7 bankruptcy then you may or may not be able to keep the house...for further details you may go through this link.... http://www.mortgagefit.com/bankruptcy.html#keep-home Feel free to ask any further query if you have.... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0