[caption id="attachment_45926" align="alignleft" width="300"] Noxious Weeds![/caption]
What happens when you surrender a home in bankruptcy? Must you move the second a bankruptcy is filed? Do they give you time to move or will your possessions be thrown out on the front lawn for the neighbors to view?
Most of the posts on this blog, and in fact on most bankruptcy blogs, focus on the consumer as the bankruptcy debtor. That makes sense--most bankruptcy cases involve a consumer debtor and a number of institutional creditors, like banks and credit card companies. And those banks...
On March 24, 2015, the U.S. Supreme Court will hear oral arguments in two cases involving whether a chapter 7 debtor may strip off a second (or any junior) mortgage that is not secured by the home's actual market value.
In Bank of America, N.A. v....
What’s in it for YOU?
MONEY to help you relocate! Negotiated amounts will vary depending on the lenders’ policies.
What’s in it for the NEW OWNER (Bank or Mortgage Co)?
A WRITTEN AGREEMENT that stipulates the following----
Vacate by a certain date.