Not sure if this is the right place to discuss, but we filed bankruptcy earlier this year and now are in the process of foreclosure. Scheduled for sheriff's sale later this month....just wondering how soon we have to be out of the house if it sells. Also what happens if it doesn't sell?
It will sell. My experience was that I owed $104K and the bank that owned the note bought the house for $90K. @ssholes! Anyway, because I filed BK the same day and it was a VA loan, the VA voided the sale. I was lucky but my point is that if no one else buys it, the bank will and leave you with the deficiency.
Mine is VA as well. I'm not going to be on the hook for the difference, am I? Won't the bankruptcy cover all my liability for attorney fees, etc?
