Posted by RSI on December 12, 2007 at 10:16:37:
In Reply to: Destroyed home due to disaster in MN posted by Karen on December 11, 2007 at 07:38:14:
Even if filing bankruptcy, the only provision a lender has to sever an owner's rights to a property is through the foreclosure process.
If the loan is defaulted and remains so, reasonable expectations would be that the property will (eventually) move through the foreclosure process. Follow Ups: