Legal Question in Bankruptcy in Texas
I am filing bankruptcy and I owner financed a home. Can the buyer sue me for letting the house go? Also, the buyer is 5 months behind on their payments to me.
Asked on 1/05/11, 6:51 pm
1 Answer from Attorneys
Andrew Nichols
Law Office of Andrew B. Nichols
No, the underlying mortgage will be discharged (eliminated) as a result of the bankruptcy being successfully completed. At the same time you would list the buyer as a creditor and that exposure would also be discharged unless there was solid evidence that you had committed fraud with respect to the owner financing process. Please feel free to visit our website at www.northtexasdebtfreedom.com
Answered on 1/11/11, 6:42 am
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