House Owner's Bankruptcy May Cost Family a Home

Summary


Repeatedly turned down for a mortgage, Sherry Smith was happy to find someone willing to sell her a house on contract.

But having lived in the house at 602 E. Chandler Ave. since April 2007, she and her fiance, Patrick Greenwalt, are wondering if they can stay. Their fears first arose after seeing a letter they received by accident earlier this month.

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Extract


House Owner's Bankruptcy May Cost Family a Home

It was addressed to a mortgage company owed money by the seller of the house, Allan Tidwell of Evansville. Reading it, Smith learned that Tidwell had declared bankruptcy in October.

The month before, Vanderburgh County had put the house up for sale in order to recoup the taxes Tidwell had failed to pay on...

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