Posted by John Merchant on October 09, 2003 at 19:39:42:
He’s trying to kid you. His lawyer undoubtedly told him that his BK filing only delayed the foreclosure, but did not kill it…never does, and a lender can proceed to foreclose after a Ch. 7 is filed. The BK filing does eliminate the lender’s right to sue & get Judgment against him, but does not effect lender’s lien.
Sounds like he’s lost his equity (if any) and the title is now back in lender’s name. Lender will eventually get around to evicting him from it’s property, so if he’s in house now, he won’t be long.
And he’s got no interest left in the property if the foreclosure did happen. Did it? Check and find out.