Purchased Foreclosed Home at Auction - Bankruptcy Stay Added

[Account Closed]

Hi Everyone, 

I bought a property at foreclosure auction (association foreclosure) about 3 days ago in Miami-Dade county. Today I see there is an Order Case Pending Bankruptcy Stay. I noticed there was a Suggestion of Bankruptcy (Chapter 13) entered after the property was sold at auction, same day though. Does this mean I'm losing the property, or do I have any options available to me? 

Thank you for any insight you might have. 

[Chad U.]

Originally posted by @Account Closed:

Hi Everyone, 

I bought a property at foreclosure auction (association foreclosure) about 3 days ago in Miami-Dade county. Today I see there is an Order Case Pending Bankruptcy Stay. I noticed there was a Suggestion of Bankruptcy (Chapter 13) entered after the property was sold at auction, same day though. Does this mean I'm losing the property, or do I have any options available to me? 

Thank you for any insight you might have. 

If it was filed after the foreclosure then most likely you'll get the property, subject to the first which will be in BK. However this will have no effect on you.   If before the auction, then it'll likely revert back and you should get your deposit back.