Legal Question in Real Estate Law in Maryland

Buying a house while owner in bankcuptcy

I bought a house from an owner who was in bankruptcy. She signed a notized paper indicating that she has no knowledge of bankruptcy filing. But after one year, I received a letter from her lawyer that my purchase was null and void becuase she still in bankruptcy. First question, did she commit a fraud by lying in signing the paper that she has no knowledge of bankruptcy? Second question, I have a buyer who want to buy the house, if I sell it, will I still be liable to her or whatever. Third question, what is my chances of loosing the house? Please reply ASAP. I appreciate your help.


Asked on 11/19/05, 5:48 am

2 Answers from Attorneys
Robert Strupp Robert J. Strupp,Attorney at Law, PLC

Re: Buying a house while owner in bankcuptcy

Greetings,

Without seeing all the documents it is not possible to say if your purchase is void. Was a title search performed? Was title insurance purchased? You may have a claim on title insurance. I encourage you to contact an attorney and provide copies of all documents associated with your purchase. I also do not suggest selling the property until the matter is resolved.

Best Wishes

Robert J. Strupp

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Answered on 11/19/05, 9:27 am
Daniel Press Chung & Press, P.C.

Re: Buying a house while owner in bankcuptcy

The sale could well be null and void. You need to consult with experienced bankruptcy counsel promptly to determine what you might be able to do about this in order to keep the house. DO NOT try to sell it until you get this resolved.

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Answered on 11/19/05, 6:23 am


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