A sale may be postpone but only by the power of the court or a bankruptcy filing.In other words, once the gavel drops on a Summary Judgment the property HAS to be sent to foreclose auction.  

Further, in all probability the plaintiffs will be able to argue successfully against granting you bankruptcy relief under the provision that liens resulting from fraud are not dischargable in bankruptcy.  

Hi all,  there are a couple of apartment complexes that are in bankruptcy I found out about.  

How do you settle the debts owed on a property you purchased from a motivated seller who is behind on his mortgage payments and is facing foreclosure or bankruptcy ?

To add to the turmoil that was going on, job issues put us in a situation where we had to file bankruptcy and our primary residence went into foreclosure.

Wants to move to Cali.She has a pending obligation, a contingent liability, might be divorce, might be a business going south, might be anything.She maps out a bankruptcy down the road to avoid liabilities.

You should get something for letting them use the land.Tell them to talk to your bankruptcy attorney.Tell them that the Statue of Frauds requires all real estate transactions to be in writing and fully countersigned to be enforceable.I think the promissory note thing is the best route, but that's just my humble opinion.

This is unless the borrower files for bankruptcy or ends up in Supreme Court seeking an injunction.

Don't suppose you know how to look bankruptcy's in FL?

The 1031 exchange qualified intermediaries under his control have filed for bankruptcy protection and are being reorganized.