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Updated over 10 years ago,
Bankruptcy/Quit Claim Deed/Mortgage Question Real Scenario
Need help or insight to what happens after these steps have been taking
Bank files complaint on house 3/2007
Owner moves out
Owner files bankruptcy 7_2009
Motion of Stay filed by bank 8_2009
Relief of Stay Granted 9_2009 to bank
Bankruptcy discharged 11_2009
Owner Quit Claims deed to a second party 3_2014 (owner cant buy house because his name is still on the old house)
Bank send letter to foreclose 7_2014 7 years after complain was filed and the deed in no longer in his name and the debt has been discharged in Chapt 7 Bankruptcy.
Any one know how the rest of the story plays out?? The bank can forclosure on their "lien" if perfected (questionable through assignments) but can't get Title (Deed) without proving they have a superior lien?
Thanks,
Jack