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Updated about 7 years ago on . Most recent reply

Alex Hamilton's profile image
Alex Hamilton's profile image
Alex Hamilton
  • Property Manager
  • from Baton Rouge, LA
  • Member since Jun 5, 2014
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2,113
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Alex Hamilton's profile image
Alex Hamilton's profile image
Alex Hamilton
  • Property Manager
  • from Baton Rouge, LA
  • Member since Jun 5, 2014
Connect
Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
195
Votes |
2,113
Posts
General Real Estate Investing

Foreclosure Bail Outs in Louisiana

Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
Posted

I purchased a house which is now valued at $120,000.  I tried to sale the house with a sale subject to my existing mortgage but,  the Bank called the balance due on sell clause.  To save the house and buy time to consider which way to go I filed a Chapter 13 Bankruptcy.  Now with a $92,000 balance on the house I'm behind $17K in PTI.  Can I have someone pay the $17K that needs a house with no credit or leave the house in my name allowing someone new to take over my $709 Note under Louisiana real Estate Law?

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