Is This Possible
I have been following the foeclosure cases here in Cleveland. One just came up where the defendant has filed bankruptcy 4 times. How many times before they say its enough. Its schedule to go to auction this Monday. I also see some cases where the prayer amount(I guess that what the bank is owned) is like 80,000 and the house appraises for like 40,000. How is this possible.
The prayer amount could also include other debts. Or the house has been trashed and is falling down to where the FMV is only 40k
[addsig]