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Updated about 9 years ago,

User Stats

647
Posts
196
Votes
Ben G.
Pro Member
  • Investor
  • Indianapolis, IN
196
Votes |
647
Posts

Chapter 13 bankruptcy and Subject To

Ben G.
Pro Member
  • Investor
  • Indianapolis, IN
Posted

Does anyone know the legal implications of buying a house from an owner who has filed Chapter 13 bankruptcy and the bankruptcy is still active?

Would the seller be able to transfer title to the subject to buyer?

What happens if the subject to buyer makes money from the sale of the house? Would those proceeds go to the bankruptcy debts?

The mortgage was modified in the Chapter 13 bankruptcy?  Could this make it difficult for the seller to sell the property subject to?

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