Tuesday, January 5, 2016

Seeking the advice of someone knowledgeable on bankruptcy law?


If a property (home) is included in a bankruptcy, discharged, and ultimately goes into a county auction and is sold, what happens to the discharge of mortgage document? Is it the new owner's responsibility to get it recorded? The title office? The county? The previous owner? Would NOT having it recorded affect the previous owner in any way (credit, ability to get another mortgage in the future, etc.)? Shouldn't the previous owner be ENTITLED to have some kind of document sent to them saying they are are no longer the owner of this property?

Thank you.

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