When dealing with bankruptcy in a property transaction, the bankruptcy trustee appointed by the court determines who has the authority to transfer the property. If there is equity in the property, the trustee may sell the property and distribute the proceeds to creditors, with the sale needing approval from the bankruptcy court. If the debt exceeds the value of the property, the trustee may abandon the property, putting it back into the hands of the homeowner.
Bankruptcy and real estate transactions
Title issues
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