Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Over 34 years, I have assisted my clients with debt problems having filed more than 32000 Chapter 7 and Chapter 13 Bankruptcy petitions.
yes that is a solution as the bank would have to go into bankruptcy court and obtain what is known as a relief from stay action sot that they can complete the foreclosure. Likewise, as a result of the BK filing, the foreclosure is stopped temporarily until the bank obtains their court order from the BK court. Note, if you do go this route, make SURE that the bank is provided written proof that a BK has been filed. Also, this is only a temporary remedy and it is still a race between the bank moving forward and you getting a loan modification.
I just need a few extra days. There is a lien on the property that is unrelated to the loan and we are trying to have it stripped. It WAS included in a BK7 from the loan holder, but for some reason, it attached to title. the current mortgage holder is screwing the pooch and making this very difficult.
Without holding you to an answer, how long is typical remedy for them? Week? Two? Month? Days? Thanks
Oh. Way more time than I need.
And although I can imagine this is frowned upon, adding someone to title and then filing 7BK is not against the law? She is filing anyways next month, we could just move the process along a little more quickly to remedy this situation.
She absolutely does. Lost a lawsuit in June.
I mean, we want to keep the house, we are married, got married right after I bought it almost five years ago... so I don't believe there is anything too screwy.