You need to contact your bankruptcy attorney...however - unless the bank actually foreclosed on the home it still belongs to you - making property taxes and homeowners insurance your responsibility.
Bankruptcy doesnt make your house disappear. The lender has to foreclose to take possession. They don't automatically own the home because you filed bankruptcy.... more
Just closed a BofA short sale and we got a quick response (about a week) after we were told they had submitted for approval. The "investor" on that mortgage was Fannie Mae. You should find out who the "investor" is and whether or not a Mortgage Insurance company also must approve the sale. Your agent should contact the listing agent for details.
Now that BofA is under scrutiny by the US Treasury department they are now moving much faster on short sales. There is a new tracking system called Equator that keeps BofA honest. You're very close! Congratulations!... more
here's some advice for the people who bought your home.
The home buyer should take steps to ensure that the proper agreements are in place before permitting the seller to remain in the home.
Specific purchaser concerns should include:
- damage to the property
- timely vacation of the property by the seller
- assertion of rights by the seller based upon the creation of a landlord-tenant relationship
Another consideration is that the mortgage provider may require the property be owner-occupied. If this is the case, permitting the seller to remain in the home could potentially be construed as a default on the mortgage.... more