Legal Question in Bankruptcy in Minnesota

We are buying a house CFD. We have lived and made payments in the house for almost 2 years. I received a letter stating the seller is filing bancruptcy. How does this affect me? I also found out seller still has loan($3000) left on our house. Will I lose the house, the money invested, home improvements?


Asked on 9/06/10, 12:54 pm

1 Answer from Attorneys
Sam Calvert Calvert Law Office

In most circumstances, you should be okay. However, I suggest that you contact an attorney who works in bankruptcy cases to review the specifics as they apply to your particular circumstance.

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Answered on 9/12/10, 7:13 pm


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