Posted on: 04th Dec, 2010 10:33 am
I received my discharge notice on October 2010. I surrendered my house and a rental property in the bankruptcy. Both lenders filed a motion to lift stay- so here is my question: How long will it take in order for both lenders to foreclose on the properties? I just want this finally finished. I stopped making payments on my house since July 2010 and stopped making payments on the rental since October 2009. Does anyone have an estimate of how long it might take before both properties have to be vacated?
Hi Claudia,
If the mortgages have been discharged in your bankruptcy filing, then you can simply surrender the property and the lender can foreclose it to recover the dues. Once you surrender the property, you can leave it.
If the mortgages have been discharged in your bankruptcy filing, then you can simply surrender the property and the lender can foreclose it to recover the dues. Once you surrender the property, you can leave it.