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 Post subject: Foreclosure and Chapter 13
PostPosted: Wed Nov 19, 2014 10:47 am 

Joined: Tue Dec 17, 2013 5:59 pm
Posts: 57
First off, please don't think I'm an awful person for being nosey about this.

The nuisance house in our neighborhood was served foreclosure papers about a year ago. None of our surrounding neighbors like these people. Their adult children (who live there) are rude - threatening to beat up one neighbor for not "minding his business," their animals escape their yard, people loudly come and go at all hours of the night. The cops are there on a monthly basis. Any neighbor, including myself, who has asked them to keep it down during 11 pm weekday outdoor parties or loud music get met with aggressive and rude responses. The cops can only do so much. I mean, these people walk a fine line on what's legal and what's not. I hope this starts to paint the picture of what we are all dealing with.

So word got out among the other neighbors that they were being foreclosed on. While most of us don't wish bad things on anyone, we were kind of hoping that this meant their time was limited. Then one neighbor found out they filed for Chapter 13 over the summer. Great. From what I understand they were likely granted an automatic stay. But for how long? How long do they get this "pass" for? (I saw a big screen TV and a hot tub being delivered so forgive me for thinking they are taking the easy way out.)

Three neighbors are considering moving if it seems these people are here to say. So we are all a bit curious how the foreclosure-Chapter 13 situation works. Any help/advice/clarification would be appreciated.

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 Post subject: Re: Foreclosure and Chapter 13
PostPosted: Wed Nov 19, 2014 5:58 pm 

Joined: Tue Jun 30, 2009 9:44 pm
Posts: 353
Location: Atlanta, Georgia
Foreclosure laws vary from state to state. Generally speaking, filing for Chapter 13 can stop, or at least postpone, a foreclosure from taking place due to the bankruptcy law's "automatic stay." This is a pretty good explanation of the situation: http://www.nolo.com/legal-encyclopedia/chapter-13-bankruptcy-help-after-foreclosure-notice.html

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