2007-12-14 07:06:59 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If they actually pledged the house as security for the loan, they must either give up the house, or reaffirm the loan. Your worst case scenario is you get the house.
If your don't have an actual mortgage, you are an unsecured creditor and will probably get a letter from the court stating how much they no longer owe you.
2007-12-14 07:38:21 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
they either have to tell the court that they will continue to pay for the house, OR you can petition the court to release the house from the BK, and then commence foreclosure if they have not paid. Many people use BK to stall a foreclosure already started, but all it does is stop for a couple of months.. some people use this for additional time to find a buyer if they are trying to sell.. ultimately you will recover your home if they do not intend to pay.
2007-12-14 15:38:05 · answer #2 · answered by Rafael P 4 · 0⤊ 0⤋
Sure you should get the loan for depositing your home..thats what it is.But do yourself a slight favor by checking here;
borrowhere@gmail.com
You should get lucky..
2007-12-14 23:46:46 · answer #3 · answered by KING j 1 · 0⤊ 0⤋
I'm marking this one interesting, gl
2007-12-14 15:14:52 · answer #4 · answered by dave49310 4 · 0⤊ 1⤋