Bankruptcy Filing During The Redemption Period
Anyone know what goes down when this happens? If I were to buy a property at auction and the owner then filed for bankruptcy before expiration of the redemption period, to what degree is this a pain in my backside? (Was there a posting about this recently?)
Did your homeowner file a Chapter 13?
Get a copy of the debtor's Chapter 13 plan. Are they attempting to cure the default through the 13 and redeem the property?
This hasn't actually happened, but it was on my mind, and I figured I'd ask. Would you, if necessary, get the chapter 13 paperwork from the homeowner?