Re: Question Regarding Foreclosure in Ohio

Posted by NJDave on February 12, 2006 at 11:58:02:

In Reply to: Question Regarding Foreclosure in Ohio posted by anne on February 11, 2006 at 17:54:33:

"since we abandoned the house in the bankruptcy"

I'm not an attorney, but I don't think that YOU abandoned the house in bankruptcy, but rather the Bankryptcy Trustee abandoned its interest in your home as it didn't have "equity" as defined by the bankruptcy code.

If you still own your home, I see no reason why you can't try to sell it. Proceeds, of course, would be used to payoff secured lienholders. If there are additional proceeds... I would think they belong to you.

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Comments:
: "since we abandoned the house in the bankruptcy"

: I'm not an attorney, but I don't think that YOU abandoned the house in bankruptcy, but rather the Bankryptcy Trustee abandoned its interest in your home as it didn't have "equity" as defined by the bankruptcy code.

: If you still own your home, I see no reason why you can't try to sell it.  Proceeds, of course, would be used to payoff secured lienholders.  If there are additional proceeds... I would think they belong to you. 


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