Legal Question in Bankruptcy in California

Cancellation of Home Foreclosure

I am considering Bankruptcy. My home went into foreclosure towards the end of last year, and has been foreclosed upon. If I filed Bankruptcy today, would the foreclosure that took place approximately 2 months ago, be considered a priority, and thereby cancelled?


Asked on 2/21/01, 12:44 pm

1 Answer from Attorneys
Mark Markus Law Office of Mark J. Markus

Re: Cancellation of Home Foreclosure

I don't know what you mean by a "priority". If your home was foreclosed on prior to bankruptcy, a bankruptcy is not going to resurrect it. Assuming the loan against the property was a non-recourse loan, you have no further debt to that creditor so there would be nothing to discharge in the bankruptcy either.

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Answered on 4/04/01, 2:55 am


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