BEST ANSWER
If the owner filed for chapter 13 most likely they are trying to save their house, that is usually point of the chapter 13. With that said, not everyone is successful in saving their house. Usually what happens is the bank will file for a stay of relief to release the house from bankruptcy. This usually takes 30 -60 days for the banks to file for the stay.
If you are interested in the house and you are comfortable with your neighbors, approach them and see if they will notify you if they can not save the house. Maybe you can get involved with a short sale. Unfortunately there is no other way to have the "inside scoop" on this house than just to pay attention. Multi- families have particularly taken a beating in this state and maybe a good deal can be had.
Thu Mar 12 2009, 06:39