Pardon me if this is in the wrong folder---and it's an encapsulated version of
something I posted further down in a thread---but if you see foreclosure on
the horizon---is it better to go through with the foreclosure and then stretch
out time in the property until shortly before eviction---or is it better to go ah-
ead and file bankruptcy first---not knowing what the timelines could be for a
motion to lift stay---actual auction of the property---and consequent move?
What's on my mind is that foreclosure first might lead to a double whammy on
credit that is already decimated---but a bankruptcy is one whack only---and
either way---the property will be surrendered in the bankruptcy.
Let me add that if foreclosure first---bankruptcy would obviously be filed
to stop the eviction---thus forcing the new owner to go through the courts
again.
something I posted further down in a thread---but if you see foreclosure on
the horizon---is it better to go through with the foreclosure and then stretch
out time in the property until shortly before eviction---or is it better to go ah-
ead and file bankruptcy first---not knowing what the timelines could be for a
motion to lift stay---actual auction of the property---and consequent move?
What's on my mind is that foreclosure first might lead to a double whammy on
credit that is already decimated---but a bankruptcy is one whack only---and
either way---the property will be surrendered in the bankruptcy.
Let me add that if foreclosure first---bankruptcy would obviously be filed
to stop the eviction---thus forcing the new owner to go through the courts
again.