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what if the house is listed under bankruptcies(active) what does it mean? are they different from forclosure?

buyer
buyer
Home Buyer
75013

Tue Oct 6 2009, 15:28 - Foreclosure in 75013 - 2 answers
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First to answer: Rj Avery
Pacita Dimacali...
Pacita Dimacali...
Agent
Alameda, CA

Here's an article I picked up from Nolo.com regarding "How bankruptcy can help with foreclosure"
http://www.nolo.com/legal-encyclopedia/article-29631.html

Depending on the type of bankruptcy --- Chapter 13 or Chapter 7 -- that the homeowner filed for, the homeowner may merely have DELAYED the eventual foreclosure.

http://www.nolo.com/legal-encyclopedia/article-29631.html

Note that Chapter 7 CANNOT cancel the foreclosure.

Until that time, if you're looking to buy a foreclosure, better engage a realtor to get you a list of properties that are bank-owned and are actively listed for sale.


Good luck!


Hope this helps.

Web Reference: http://www.AlamedaHomeFinders.com
Tue Oct 6 2009, 16:11
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Rj Avery
Rj Avery
Agent
75126
FIRST ANSWER

depends on the bankruptcy, some include the house and some dont

Tue Oct 6 2009, 15:40
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Gail Polo, Real Estate Pro in Inver Grove Heights,...
if the house listed or under bankruptcies(chapter 7) how this it will work is it the bank owns this or is this consider forclosure? or this cheaper
Answered Tue Oct 6 2009, 15:34 by Gail Polo in 75013
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Melissa Hail…, Real Estate Pro in Plano, TX
let say the house is pre-forclosure the auction is done let say it was done oct. 2 and the owner of the house can still leave there and how long they
Answered Sun Oct 4 2009, 08:45 by Melissa Hailey in 75013
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Pacita Dimac…, Real Estate Pro in Alameda, CA
what is the differnce between preforclosure and forclosure? Is it better to buy a pre- or a?
Answered Thu Jun 5 2008, 10:13 by Pacita Dimacali e-… in 75013
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