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Updated about 3 years ago,
Sold at an auction then Chapter 7
Hello Everyone, A homeowner in pre-foreclosure reached out to me to sell his house and it's a situation i've never heard of before. Looking for some guidance if i should even pursue it:
Situation:
- it went to preforclosure
- chapter 7 Bankruptcy filed which stopped proceedings
- The bank resumed foreclosure proceedings after 2 years
- The property went to auction and was purchased (with a receipt and all)
- chapter 13 Bankruptcy was filed by the seller
- The Auction Buyer asked for their money back
- chapter 13 Bankruptcy case was dismissed
- Auction Buyer filed another motion to cancel the refund request and be the buyer of the property
- Bank filed a motion agreeing with Auction buyer
From everything I see, the auction buyer basically owns the property unless:
- the judge decides to refund them the money and puts it back for auction
- I speak with the bank and see if something else can be done? (Is this even possible? it's december ... maybe they want to clear their end of year books ... i dunno)
I'll get a lawyer involved if need be but I wanted to get a baseline first, so any help is appreciated.
Thanks in advance!