{"id":409,"date":"2015-10-27T13:23:43","date_gmt":"2015-10-27T18:23:43","guid":{"rendered":"http:\/\/www.mankatobankruptcy.com\/blog\/?p=409"},"modified":"2015-10-20T13:27:27","modified_gmt":"2015-10-20T18:27:27","slug":"avoiding-zombie-foreclosure-bankruptcy-in-the-mankato-minnesota-area","status":"publish","type":"post","link":"https:\/\/www.mankatobankruptcy.com\/blog\/avoiding-zombie-foreclosure-bankruptcy-in-the-mankato-minnesota-area\/","title":{"rendered":"Avoiding Zombie Foreclosure & Bankruptcy in the Mankato Minnesota Area"},"content":{"rendered":"

Foreclosure can make any house feel haunted in the Mankato, MN area, but there\u2019s a certain type of foreclosure that\u2019s especially chilling: zombie foreclosure. Although this type of foreclosure doesn\u2019t include actual moaning zombies crawling down the street, it still feels scary to homeowners.<\/p>\n

Just as in regular foreclosure, zombie foreclosure requires a certain timeline, especially in relation to bankruptcy. If you declare bankruptcy, your mortgage debt may be discharged to you personally (i.e. you are no longer personally responsible for it) but transfer of the property title and deed is done solely by the bank that controls your mortgage. Sometimes a bank will decide not to finish the foreclosure on the property and leave the title in your name, even though you believe you surrendered your house when you filed for bankruptcy. Thus a zombie foreclosure can wrack up numerous debts and tax expenses for homeowners if they are not careful, which can result in both financial troubles and, ultimately worsen your financial prospects with bankruptcy.<\/p>\n

Fortunately, the professionals at Behm Law Group, Ltd. can give you perspective on bankruptcy<\/a> and zombie foreclosures. Follow these simple rules<\/a> and you\u2019ll easily survive zombie foreclosure and negotiate bankruptcy no matter how terrifying it may seem:<\/p>\n