Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
if someones house is under forclosure, if the tenent files bankruptcy can it buytime his house from being sold
if the house is to be auctioned , if the tenent files bankruptcy do they have to reschedule the sale?
7 Answers
- Rich ZLv 71 decade agoFavorite Answer
No. It is under foreclosure because the tenant, who does not own it, could not pay for staying there. If the tenant says here is proof (bankruptcy filing) that I can not pay for it that will not stop the foreclosure. The auction is the bank trying to deal with the owner's foreclosure. It has nothing to do with the tenant.
If you meant the owner living there, not a tenant, he has lost any rights to the house at foreclosure so it is not an asset that is part of his bankruptcy so again there is no impact.
If there was a prayer that an owner could avoid foreclosure or have enough money to buy the property at auction that is long gone. It just doesn't happen in real life.
- ?Lv 71 decade ago
The purpose of a bankruptcy is to protect to the debtor from the actions if creditors. The foreclosing lender is not a creditor of the tenant unless the tenant has an ownership interest in the building. Unless the tenant is a borrower on the loan or has an ownership interest in the property, the tenant's bankruptcy will have no impact on the foreclosure.
If the tenant's bankruptcy is still pending at the time of the foreclosure sale, the new owner MIGHT need to file a motion for relief from stay in order to proceed with eviction. Consult a local bankruptcy attorney for more information.
- Anonymous7 years ago
You can find the best solution for you at: PROTECTIONQUOTING.NET-
RE If someones house is under forclosure, if the tenent files bankruptcy can it buytime his house from being sold
if the house is to be auctioned , if the tenent files bankruptcy do they have to reschedule the sale?
- 1 decade ago
Another thing I just thought of, if you file for BK, in a month or so when the foreclosure does eventually happen, you may not be able to find an apartment b/c they do a credit check when you go to rent a place.
Source(s): Me! - How do you think about the answers? You can sign in to vote the answer.
- kimmi_35Lv 41 decade ago
bankruptcy court can delay the sale or even keep it from happening if you are trying to save the house. It all depends on what type of bankrutpcy you are filing and if you are reaffirming the house.
- useltonLv 44 years ago
In a human being difficulty, sure, if someone is dumb adequate to purchase a lemon for that a lot, that is more effective their fault than the sellers fault. they could in basic terms go purchase a lemon for far less elsewhere. in spite of the indisputable fact that, in maximum places i believe there are guidelines about how a lot they could price for products in shops and whatnot. If all lemons without be conscious fee 100 greenbacks for no reason, it does not be ok.
- 1 decade ago
does the tenet own the house? if not then he is just a rentor and it has nothing to do with the house and what the owner does with it.