Our goal is to complete our Chapter 7 BK case and also to be shed of two pieces of Ohio residential real estate.
Our attorney indicates that if the properties do foreclose for the purpose of title change, the foreclosure(s) will appear as public record, which makes sense, given that I can look up cases in the local civil court whether or not a bankruptcy is involved.
Offer for short sale on Property 2 submitted to lender 6-19-2009
Bankruptcy filed 7-23-2009
Property 2 shows intent to surrender.
Property 1 shows intent to pay and retain (ride through)
341 meeting 9-14-2009
BofA granted relief of stay on Property 2: 10-26-2009
Discharge: 11-20-2009
BofA accepts short sale offer on Property 2: 12-03-2009
BofA files summons & complaint in foreclosure on Property 2: 12-16-2009
Deed of sale on Property 2 records: 12-23-2009
We are actually served summons & complaint in foreclosure on Property 2: 1-4-2010
In the background, Property 1 put on market to sell after discharge. Offers and counteroffers culminating in an offer we can work with on 12-23-2009.
Release of contingencies on Property 1: 1-22-2010
Trustee proposes to abandon Property 1: 1-29-2010
(At this time we still need the property's well water to be inspected for the buyers' to get their USDA loan. Inspection 2-2-2010 and we're told 10-13 days after that to get results.)
We had a couple of non-exempt non-real estate assets, too. I redeemed my sewing machines for half their declared value. The painting (inherited years ago from a great-aunt) I let go. Still not auctioned, though the trustee did have us take it over to his office. Case can't close until he does dispose of it and that plus the $$$ he has from my sewing machines and the little bit of "too much" cash we had on hand is distributed to our creditors.