House in Chapter 13 - Posted by James

Real Estate Investing Real Estate Law
1

Posted by B.L.Renfrow on March 18, 2001 at 21:00:42:

Any sale or lease would require approval of the BK court. It’s my understanding the courts will not allow an owner-financed sale while in Chapter 13. However, a cash sale or lease option shouldn’t be a problem, as long as it’s at or near FMV. The plan would have to be presented to the judge by her lawyer before she could enter into an agreement.

Brian (NY)

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House in Chapter 13 - Posted by James

Posted by James on March 18, 2001 at 20:55:49:

Hello to all,

I have a friend who is in a chapter 13 and has a house tied up in it. She is WANTING so bad to get out of the house, but has no clue how. Is she able to sell off the house or can she L/O. any info can help.

Thanks
James