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Bankruptcy and forclosure or deed in lieu of forclosure

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    Bankruptcy and forclosure or deed in lieu of forclosure

    I filed bankruptcy and choose to surrender my house back to the bank. I have had my discharge since 06/2009 but the bank hasnt sent me anything regarding the house. I thought that they would do a forclosure but no papers yet. I have moved out of the house but I want to know should I contact the bank to sign a deed in lieu of forclosure or just wait for the bank to finally remember that I surrendered the house back to them in my bankruptcy?

    #2
    There is absolutely no reason for you to do a deed in lieu. As a matter of fact, it probably won't even be accepted since the debt is discharged.

    You just need to wait for the Bank to foreclose on the property. If you are still living there, enjoy the rent-free time. Save up some money. The Bank will eventually proceed. Do you know if they filed a Motion for Relief from the Automatic Stay yet?
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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