Bankruptcy - A debtor that, upon voluntary petition or one invoked by the debtor's creditors, is judged legally insolvent. The debtor's remaining property is then administered for the creditors or is distributed among them. So, in other words, due to circumstances that are usually unavoidable, the owner can no longer pay for the home and lets it go back to the bank.

Tracy, why don't you email me, My email is LindNerRealtors@yahoo.com and we will discover which house you are referring to, and discuss options. Have a great day! Dawn Lindner Realtor® You may check out our website http://www.LindnerRealtors.com