carol00123
Junior Member
Foreclosure & bankruptsy questions, chapter 13
the name of your state? MASS
I outright own a house and am the bank for our "buyers" who we also signed legal documents with and signed the deed over to them. They have accrued liens on the deed, including tax liens from the town for not paying taxes.
They are obviously in breach of our agreement and we started foreclosure process and they are now separated but the wife is filing for Chapter 7/bankruptsy with payback plan. Will we get fully recooped for the money that we have put in, such as we paid off the tax liens (even though still showing on registry of deeds records) from the town since we figured we'd be taking back the house someday. Do you think she has chance of being 'bailed out" by a bank giving her a mortgage with such a bad credit history? Do you think at this point we should pay the next tax bill that is due 11/1?? thanks for the help in advance!!
the name of your state? MASS
I outright own a house and am the bank for our "buyers" who we also signed legal documents with and signed the deed over to them. They have accrued liens on the deed, including tax liens from the town for not paying taxes.
They are obviously in breach of our agreement and we started foreclosure process and they are now separated but the wife is filing for Chapter 7/bankruptsy with payback plan. Will we get fully recooped for the money that we have put in, such as we paid off the tax liens (even though still showing on registry of deeds records) from the town since we figured we'd be taking back the house someday. Do you think she has chance of being 'bailed out" by a bank giving her a mortgage with such a bad credit history? Do you think at this point we should pay the next tax bill that is due 11/1?? thanks for the help in advance!!
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