We recently filed bankruptcy, our case has been discharged and closed. We had a home that we moved out of before the bankruptcy. The bank has not foreclosed on the home yet. We want them to but they said it might take up to 3 years to foreclose. The loan on the house was included in the discharge. We have a chance to buy again owner finance. But Im afraid the bank might try to come back on us if we do it before they foreclose on the current home. Should we buy or not?
Answer
This is really a matter to take up with your bankruptcy attorney. But, based upon what you described, you no longer owe the bank, . So, it is unclear what they chief cots could come after IOU for.
Good luck
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