Legal Question in Bankruptcy in Ohio

Bankruptcy and foreclosure

Recently i filed for bankruptcy, chapter 7, and this was discharged in december 2002. Foreclosure proceedings had begun this but was stopped during the bk. Now that the foreclosure proceedings have begun again, i am wondering if i will be owing any money to the mortgage company or their attorneys. I have vacanted the property and would like to simply turn the property over. Tell me if you can what is next.


Asked on 3/07/03, 10:45 am

1 Answer from Attorneys
Ernest Ducey Ducey & Riewaldt

Re: Bankruptcy and foreclosure

You will not owe them any money, not even for attorney fees. I would contact the attorney for the mortgage company and tell them that you are moved out and are willing to sign anything to assist them in speeding up the process. You can them remind them that the bankruptcy discharge was issued in December. Unfortunately, most mortgage companies no longer accept a "deed in lieu of foreclosure". They feel that they still need to go through the whole foreclousre process to tie up all the loose ends.

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Answered on 3/07/03, 11:13 am


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