lis pending ?

[phas]

ok back to the orginal ? Can they sell the house with both are names on it ?
Also can we sell it to pay the lis pending or does it lock it up solid were they have full conrol ? Have one taking me to court next month.
thanks for all the input

 

[phas]

another ? we was wondering, if we let the bankruptcy court have the house how long can we stay in the house before they throw us out?

 

[Ladynred]

Judging from what the KY statutes say, they have placed a lien against your house. IF you sell it, that lien is going to have to be paid off FIRST, that is the purpose of a lien.

If you file for bankruptcy (Ch 13 with that much equity), ALL collection action stops, including forclosures and sheriff's sales. If you file Ch 7 with the intent to give up the house, then they could file for a Relief from Stay to continue with forclosure. It may or may not be granted by the court depending on your situation. How long you'd have to stay in the house depends on the creditor - some move very quickly, some don't.

You need to see a lawyer, find out EXACTLY what's going on with this judgment. IS Discover moving to take your home or did they just place a lien on it ?? You need to find out.

 

[phas]

they have just filed a lis pending as of now.