I recently bought a title policy on a house that I'm purchasing subject to the exising loan remaining in place. As I was about to close, the seller mentioned that things have been really rough since he declared bankruptcy on 10-17-09. This is not his primary home, he had been using it as a rental. It seems to me that since it's a secured debt, it will be held up in bankruptcy proceedings even though there doesn't appear to be a chapter 13 lien on it as of right now. Any thoughts?