Hello,
I live in Florida and I own three homes. I have filed for chapter 7 bankruptcy (in October) and have elected to surrender all three homes. All three homes are financed by the same bank.
My question is this ~ does the lender have to file a seperate petition to lift the automatic stay for each property in order to begin foreclosure on each? Or do they just need to file for one property, therefore allowing them to begin foreclosure on all three? They have filed the peition to lift the automatic stay, but the paperwork only mentioned one home. That was more than a week ago and I have not received anything else.
I have looked ALL over the internet and this website and could not find the answer. I have even asked my attorney and he was not 100% sure.
Thanks for any help!
JC
I live in Florida and I own three homes. I have filed for chapter 7 bankruptcy (in October) and have elected to surrender all three homes. All three homes are financed by the same bank.
My question is this ~ does the lender have to file a seperate petition to lift the automatic stay for each property in order to begin foreclosure on each? Or do they just need to file for one property, therefore allowing them to begin foreclosure on all three? They have filed the peition to lift the automatic stay, but the paperwork only mentioned one home. That was more than a week ago and I have not received anything else.
I have looked ALL over the internet and this website and could not find the answer. I have even asked my attorney and he was not 100% sure.
Thanks for any help!
JC
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