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Real Estate & Property Law

: The Home Equity Theft Reporter

Bankruptcy Judge Rejects Debtor's Use Of Ch. 13 Petition In Attempt To Thwart Due-On-Sale Clause In Lender's Mortgage

By r morris

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A recent ruling by Judge Jeff Bohm of the U.S. Bankruptcy Court in Houston, Texas that addressed a number of issues has rejected an attempt by an individual Debtor's attempt use a Chapter 13 petition as a vehicle to thwart a mortgage lender's rights under a due on sale clause.In the case, an individual, unbeknownst to the lender, acquired a home subject to the lender's mortgage from a third party

Full post as published by The Home Equity Theft Reporter on July 07, 2010 (boomark / email).

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