Posted on: 07th Mar, 2011 11:54 am
i am surrendering my property in my chapter 7 bankruptcy. i am not living in the condo at this time, but still need to pay my association fees, or they will sue me for the money plus late fees. i just want it out of my name so i am no longer liable for it. i will not get my discharge papers until the end of april. wells fargo at this time will not give me a deed in lieu or do a short sale. please tell me what i can do to move this proceed forward and get the condo out of my name asap.
Hi lpag!
Welcome to forums!
Once you receive a discharge from your bankruptcy filing, you should immediately surrender the property to your lender and ask him to sell off the property asap. The lender will take steps to sell off the property. Once the property is sold off at the foreclosure auction, you'll be able to get rid of it.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Once you receive a discharge from your bankruptcy filing, you should immediately surrender the property to your lender and ask him to sell off the property asap. The lender will take steps to sell off the property. Once the property is sold off at the foreclosure auction, you'll be able to get rid of it.
Feel free to ask if you've further queries.
Sussane
Sussane, would it help me if, while I am waiting, put the house us for sale, and try to get the bank to take it with a deed in lieu?
Hi LPag,
It will be better if you could take the permission of the lender in order to list the property in the market.
Thanks
It will be better if you could take the permission of the lender in order to list the property in the market.
Thanks
Thank you, but do you mean ask them if I can list it while waiting for bk and foreclosure? I did, and they told me that I could try to sell it. I want this property out of my name as soon as and any way possible!!
Welcome LPag,
If the lender and the trustee has allowed you, then you can list the property in the market and try to sell it off.
If the lender and the trustee has allowed you, then you can list the property in the market and try to sell it off.