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What will happen after you voluntary surrender your house in chapter 7?
Wiki User
∙ 11y ago
The trustee will retain an attorney then proceed to list and sell your house. You will have no say in who buys it or at what price. You will receive notice once they have a buyer and offers will continue to be accepted up until a final date which you and all of your creditors will be noticed of.
Wiki User
∙ 15y ago
Wiki User
∙ 11y agoYou will be homeless!!
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What will happen if you voluntary surrender your house while in a trust deed?
Unless you are very confused, you know that a trust deed is what some states call a mortgage. A voluntary surrender, if done carefully and probably with a lawyer's help, can result in the mortgage being terminated with no further liability to you. The tricky part is to make sure there is no tax liability on your part due to the cancellation of the balance due on the note.
How soon after Chapter 7 bankruptcy can you have the title to a house or condo given to you?
Why should you get the title? If the debt is secured by the condo or house, you cannot get a discharge of that debt unless you surrender the asset in the chapter 7.
How does chapter 13 affect deficiency of judgment if foreclosure is emminent and house is unwanted?
Surrender the asset (house) to the mortgage holder. Any deficiency will be added to the chapter 13 plan to the same extent as other unsecured debt. You may want to convert to a 7 if the 13 was to try to save the house.
Are you obligated to make house payments if you file chapter 7?
Yes. A bankruptcy does not cover Housing so the debt will not be wiped out. Either pay or surrender the property.
Why did the surrender happen at the appomattox court house?
Because that was where the Army of Northern Virginia ran out of steam after abandoning Richmond and trying to escape.
When does someone surrender their house when filing for chapter 7?
You or your lawyer should negotiate the date of surrender. You will not usually have long, but some mortgagees may be willing to let the bankrupt stay if the pay a "use and occupancy" fee in lieu of rent. Again, only until they can finish whatever needs to be done to sell the house at auction.
What year was the surrender at appomattox court house?
The Confederate surrender at Appomattox Court House was in the year 1865, on April 9th.
How can you volunteer give a lien on your house in AZ?
A voluntary lien would be a mortgage.A voluntary lien would be a mortgage.A voluntary lien would be a mortgage.A voluntary lien would be a mortgage.
When was Princeton Chapter House created?
Princeton Chapter House was created in 1909.
When was Edwardsville Chapter House created?
Edwardsville Chapter House was created in 1909.
When was Alton Chapter House created?
Alton Chapter House was created in 1909.
When was Zion Chapter House created?
Zion Chapter House was created in 1909.
