Posted by Rob FL on May 11, 2000 at 20:50:45:
The only way to pull it out of bankruptcy is through a court approved sale of the property. The creditors will all have to be given proper notice. If the owner has in fact filed Chapter 7, then he is out of the picture. Bye bye. You need to be dealing with the bankruptcy trustee.
Florida however does have a bankruptcy exemption for homestead property. If the property is in fact the owner’s homestead it could be exempt from the bankruptcy proceedings but subject to any liens on the title.
You need to be very careful here.