My boyfriend's house has a sale date of March 28 or April 4th. His notices says the 28th, a website has it listed for the 4th of April.
He will be filing his Chapter 7 bankruptcy this week. How likely is it that Wells Fargo will ask for a relief from the stay?
House is worth about $169,000 (per zillow) worth way less when you take into consideration the condition it's in. (Bad electrical on half the house from a remodel by the previous owner and slow failing pipes due to age, house is going on 40 years with little maintence on the pipes.)
Located in Portland Oregon metro area:
1st is $117,800
2nd & Equity line are $75,000
not including fees, late charges, etc.
I'm trying to figure out if he'll have to move sooner than later. I found out that if they ask for a relief from stay they will get a date within 10-20 days or so for a hearing. After that will he have 3 days to move or less/more time?
Thanks in advance for any input.
He will be filing his Chapter 7 bankruptcy this week. How likely is it that Wells Fargo will ask for a relief from the stay?
House is worth about $169,000 (per zillow) worth way less when you take into consideration the condition it's in. (Bad electrical on half the house from a remodel by the previous owner and slow failing pipes due to age, house is going on 40 years with little maintence on the pipes.)
Located in Portland Oregon metro area:
1st is $117,800
2nd & Equity line are $75,000
not including fees, late charges, etc.
I'm trying to figure out if he'll have to move sooner than later. I found out that if they ask for a relief from stay they will get a date within 10-20 days or so for a hearing. After that will he have 3 days to move or less/more time?
Thanks in advance for any input.
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