Sorry, Bankruptcy. So it is enforceable.
Additional clarification. The bank was granted permission by the court to continue foreclosure, since the personal residence was used to secure the loan. (they have not proceeded any further, but have the ability to continue foreclosure). My understanding is that bankruptcy does not discharge my debt in regards XXXXX XXXXX secured property, such as my home. ( I am under the understanding they will get all the proceeds to satisfy as much of the loan as possible.) The judgment in bankruptcy would seem a waste unless they needed it to continue foreclosure or could enforce it in a shortage of the debt owed.?.?
OK. Sounds great. But it was clearly explained to my by the Bankruptcy attorney there was nothing I could do to stop them from taking the house (this was before the judgment). The only other information I can give you is the bank is listed on the deed as a mortgage, even thou no 'mortgage' is recorded since it was a commercial loan.
Just really need to be clear. Prior attorney deferred to answer because they were unsure how the judgment would be enforced in combination with the foreclosure (that always makes you feel like you made a good choice)
Well thank you for your time in providing as much information and clarity as I needed.
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