What to do if my home was foreclosed on last year and I want to file for bankruptcy?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
What to do if my home was foreclosed on last year and I want to file for bankruptcy?
I have not heard anything from the bank since I moved out. I don’t know what to do about them and what they are going to charge me with.
Asked on February 17, 2013 under Bankruptcy Law, Utah
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
If the home has already been foreclosed upon, the bankruptcy will not affect it--a bankruptcy will temporarily stop, or stay, a foreclosure that is in the process, but it does not retroactively undo a concluded foreclosure. As to the bank...there is no way to compel them to state if they are going to proceed against you for the balance, or when. You may need to wait awhile longer, to see what they will do.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.