My brother and I inherited property after parents died (at separate times). We have a five year agreement re: settlement of the property which does not end until 2007. We signed this agreement in 7/03, and the docs were also filed the the King County court, loan docs, and title company, etc., and in 2004 my brother filed bankrupcy. The court is forcing me to refinance to buy him out, have a for sale sign on my property no to mention an interested buyer and contract for the sale of my property. Yet in still the Trustee for the bankrupcy case has raised my cash-out amount ($150,000 prior to property being listed) and three times (from $170,000 to now 205,000), since the listing. My pro-bono attorney has responded by deadline and we go to court on Sept 1. I have found a loan, but my questions is: Is this legal, will the Trustee have to accept my cash-out payment, and can they sale my home out from under me?
Posted in Homes For Sale
Tagged agreement, bankrupcy, bankruptcy, brother, CASE, Court, innocent party, interested buyer, King County, loan, loan docs, parents, pro bono attorney, Property, sale, three times, Title, title company, trustee