Bankruptcy on Courthouse steps Foreclosure

[Jeff Kehl]

I've bought a couple foreclosures on the courthouse steps and so far I've done ok doing my own title research. One thing I'm not exactly clear about is bankruptcy. I know you're supposed to check that and I know the records are online at Pacer. My question is what I'm looking for exactly. I passed on one last auction where the owner had literally just had a bankruptcy case closed. Is it only open bankruptcy cases that are a concern?

Reading on Chapter 7 vs. 13 it looks like 13 would stop a foreclosure but 7 would not is that correct?

I know this is probably a good question for my lawyer next time I talk with him but I thought I would see if anyone here could shed any light.  

[Wayne Brooks]

It's really a non issue, I never look for them.  If the BK delays the auction, then it delays the auction.  If it's discharged, or any stay has been removed, it's irrelevant, which is why the property makes it to auction.