Christopher Eduardo
Selling a house with capital gains while in chapter 13 repayment plan `
Hi,I have a question regarding a seller who is currently in chapter 13 repayment plan. Their plan last payment is scheduled for Nov 2024. The question is, if they decide to sell, how will that work with their chapter ...
Kenneth Woodall
Buying a Chapter 11 Business Question
I am approaching a multi unit that has been approved for chapter 11. Is the current owner allowed to accept an offer lower than the total debts?Simplified example:10 unit property with $1mil in debt. $800K is from a s...
Rene Fernandez
Bank Reinstates Discharge Past Due Amount / Loan Modification
Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD. We would like to know if you would recommend that we challenge the lien based on the follow...
Blake Morton
Approaching Someone Who Has Filed Bankruptcy
I have found a property through Bigger Pockets that is owned by someone who has filed for bankruptcy (at the end of August). I have found through other forum posts that the best means of contacting the owner would be ...
Ibrahim Hughes
Question about Motion For Relief From Stay in Bankruptcy
Can someone tell me if a creditor (lender) files a Motion for Relief From Stay in a bankruptcy, does that mean the debtor (property owner) is now liable again for the debt (credit being further damaged, lender sti...
Eric H.
Seller wants contingency contract for bankruptcy court
Greetings BP Fam, Motivated seller wants a contingency cash contract for bankruptcy court. Seller owes mortgage that is at least $100,000 higher than what I would offer. Is seller just using me to provide contract fo...
Gabriel Jeroh
How to buy a home while in CH13
What are the buying options for someone in CH13 BK filing? He has very good financial standing, income, credit score is above 650 and has a good rental history. Can lease option to buy be considered? Yes I know you ar...
Kathryn K.
Shortsale Deficiency in BK
My neighbors are going through bankruptcy, I think its chapter 13. They have a couple of rental properties that are included in the bankruptcy. They are upside down and will result in an eventual shortsale. What hap...
John Wood
Why do Banks Buy Mortgages in Bankruptcy
I am looking at a property that has been tied up in a chapter 7 bankruptcy for a couple years. The property value is likely below the debt against the property. It appears that Seterus bank took the mortgage as the ow...
Chris Serger
BK11 & 2nd Position Notes
Does anyone have experience with a NP 2nd on an investment property which is part of a BK Chapter 11? I'm familiar with all the note education concerning BK 7&13, but I haven't come across 11. I've already learned...