Legal Question in Real Estate Law in Iowa
I had a bankruptcy in October 2007 which had the house included in it. I was wondering if an underwriter would consider this a forclosure? It never said anything on the credit report abouit a forclosure.
Asked on 10/20/09, 3:41 pm
1 Answer from Attorneys
Robert Luedeman
solo practitioner
A foreclosure is a legal action to foreclose a loan of some sort-in this case, the mortgage. I think a call to your bankruptcy attorney is in order to see how this was treated by the trustee.
Answered on 10/21/09, 11:51 am