We have a family member who has recently bought a home that we wouldn't mind renting from him, and potentially buying once our credit gets better and can qualify. He already knows about the BK. Any suggestions?
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Flower, forgive me but I can't remember....where are you living now? Are you still in your house or are you renting?Originally posted by flower04 View PostI am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go -
I'm always skeptical of renting and family relationships. I've done rentals for many years, and am not interested in renting to family. It seems that problems can develop that create friction in the family.
If you and the family member are sure that you can do it, be careful and have everything written down, dated, and signed.
Treat it as a business matter, not a family matter.All information contained in this post is for informational and amusement purposes only.
Bankruptcy is a process, not an event.......Comment
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