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leave house after bankruptcy

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carolinedj

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PostPosted: Fri Jun 09, 2006 2:33 pm    Post subject: leave house after bankruptcy

When will I have to leave my home after bankruptcy filed?
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medrew

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PostPosted: Fri Jun 09, 2006 2:54 pm    Post subject:

Hi,

I was in foreclosure before I filed a bankruptcy. By filing bankruptcy I bought more time to stay. Now the mortgage company has to foreclose legally if it wants to to foreclose before I move out.

My attorney told me that I can stay in the house till the mortgage company succesfully forecloses on my property.
 
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Icon Mini Profile Samantha
Samantha
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Location: MASSACHUSETTS


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PostPosted: Fri Jun 09, 2006 3:28 pm    Post subject: leave house after bankruptcy

Hi,

It varies from one state to another as the way to deal a foreclosure may vary from state to state.

According to the bankruptcy code, you must tender the surrendered property to the creditor within 45 days after you filed bankruptcy.

In some states though, the bank allows a person to stay in the surrendered property until the Sheriff sale. Consult your bankruptcy attorney for the allowable limit in your state.

God bless you.

For MortgageFit,
Samantha

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