I'm looking for any insight or help. I purchased a tax lien (on a non owner occupied vacant house,)at a commissioners sale. I filed all paperwork and used a lawyer for proper noticing. Two days before my hearing for deed issuance the owner of the property filed a motion with the courts for bankruptcy. Is there any hope of lifting the automatic stay? Any cases out there or anybody experience this.
@Brian Hec - What did your lawyer say? I don’t think they have the ability to completely stop your title transfer but they can obviously delay it. Also, I don’t think they can add the tax lien to the bankruptcy. Definitely need a lawyers help on this one. ￼
@Michael Thompson lawyer thinks "they missed redemption, they had notice, but only slight posibility we can lift the stay and proceed with the deed filling. " My bankruptcy/collection lawyer thinks we can at least get our initial investment back due to it being a"secured" loan. Which will dribble in over 5 years with minimal interest (not the 10% garaunteed by the sale).