Posted by River City on September 08, 2008 at 07:28:02:
I believe you will need to discuss this with your lender as each lender may handle it differently.
ch 13 bankruptcy - Posted by brian
Posted by brian on September 07, 2008 at 14:53:38:
if i have a rental that is going to be foreclosed on and the bank takes the house does the tenant pay the bank and when thank you
Is CH 13 existent here? - Posted by John Merchant
Posted by John Merchant on September 29, 2008 at 10:05:54:
Your post doesn’t clearly say you have, or will be filing a CH 13.
But if you file a CH 13, the minute it’s filed, the BK Trustee actually owns all assets of the BK Petitioner; however, the T may make such a demand, but might not, and even if T does so demand, you’d have the right to contest it in BK court and those contests are frequently just not worth the T’s time.
So you’d likely be able to keep the rent already received.