Ask Experts Questions for FREE Help !
Ask
    Edensmimi's Avatar
    Edensmimi Posts: 105, Reputation: 7
    Junior Member
    		  
    #1

    Jan 29, 2008, 09:56 AM
    Anyone Know What the Waiting Period For selling a home prior to bankruptcy
    Can anyone please tell me what the waiting period is for selling a home prior to filing bankruptcy in the state of texas/ Chapter 13 or Chapter 7? Please any help is appreciated.
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
    		  
    #2

    Jan 29, 2008, 10:47 AM
    Just curious: why are you wanting to sell your home prior to filing bankruptcy?
    Edensmimi's Avatar
    Edensmimi Posts: 105, Reputation: 7
    Junior Member
    		  
    #3

    Jan 29, 2008, 10:52 AM
    I'm sorry I should have clarified this better, it was rental property that my parents owned. It is a manufactured home (doublewide) that is only worth about 12K. I bought the land from them last year but the home is still in their name. I apologize I should have been more clear about it. My parents want to file bankruptcy but they don't want to lose this home, as my brother lives in it now. They talked to an attorney here local that said it is a 2 year waiting period and I don't have much faith in this man.
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
    		  
    #4

    Jan 29, 2008, 10:59 AM
    Is the doublewide collateral for a debt? Or is it owned, free and clear?
    Edensmimi's Avatar
    Edensmimi Posts: 105, Reputation: 7
    Junior Member
    		  
    #5

    Jan 29, 2008, 11:04 AM
    Paid for In Full, we paid it off for them.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

JE for prior period [ 1 Answers ]

How do I adjust an expense that was received and paid in April, but it refers to expenses in January? The period for January is already closed.

Selling a home under bankruptcy [ 1 Answers ]

What do I need to know when selling my home and I filed bankruptcy prior to sale?

Selling Home "As-Is" While in Bankruptcy [ 1 Answers ]

Just informed by sister that she refiled for a second period of bankruptcy (5 addt'l yrs) due to being behind in housenote. She filed for bankruptcy I believe seven yrs ago and she was at the end of the seven yr period Aug 07, but apparently got behind in house note and said she refiled. I'm very...

Selling Home Under Bankruptcy [ 2 Answers ]

I am interested in selling my home under bankruptcy. What are my successful chances of doing this and what is the best route to go about doing this.

New tenant with prior bankruptcy [ 3 Answers ]

I am considering renting to a person who declared bankruptcy last year. Credit report shows the problem stems from charges made in 2002 and in prior years. Her advisor recommended she declare before the laws changed last year. Credit report shows she no longer has any credit cards and has had no...

View more questions Search