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Old 01-13-2005, 12:16 PM
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How can bankrupted-forecloser property transfer?

What is the name of your state? California

If a property is in foreclosure, and the owner filed bankruptcy. Can the own transfer the property? If so, what is it different from selling the property?

Thanks!
  #2  
Old 01-13-2005, 12:58 PM
seniorjudge
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You should ask your bankruptcy attorney these questions.
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Old 01-14-2005, 01:07 PM
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Location: Irvine, California
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Real property can't be transferred while a debtor is in bankruptcy unless the Trustee authorizes the transfer.
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Raymond
Bankruptcy Loan Officer
  #4  
Old 01-15-2005, 09:42 AM
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Location: Catatonic State
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Quote:
Originally Posted by HomeQuestion
What is the name of your state? California

If a property is in foreclosure, and the owner filed bankruptcy. Can the own transfer the property? If so, what is it different from selling the property?

Thanks!
**A: if there is a bonafide sale, a legal transfer can be completed subject to the consent of both the foreclosing lender and the BK Trustee.
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