Legal Question in Real Estate Law in Massachusetts

Re: Protecting an asset

This may depend on what kind of bankruptcy you are going through. This is really a bankruptcy question, rather than a real estate question.

I think you should re-submit this as a bankruptcy question so it can be directed to practitioners who are able to answer it.

Re: Protecting an asset

The foreclosure is against the property on which the mortgage is secured. If there is a deficency, they can then seek to attach other assets.

You can stop a foreclosure by filing a chapt 13 Bankruptcy and try to get the property sold or try to get a repayment plan done. I do not do bankrutpcy work, but there are no shortgage of people who do.

Good Luck

Re: Protecting an asset

It can't just be "taken." The foreclosing mortgage company must seek a judgment for deficiency and then seek to attach or levy upon the Florida property. Depending on the specifics of your foreclosure, there may not be a deficiency. As the other attorney said, a bankruptcy will stop a foreclosure. Feel free to contact my office, I do bankruptcy work.