Ownership of surrendered property
Posted: Thu Jan 26, 2012 9:58 am
Hello Listmates
I have a client, filed in 8/11 Chapter 7, has over 13 properties in PA which he indicated he'd surrender. The trustee is administering two of the properties as he found they had equity. Discharged was received in November.
For tax purposes, does the debtor continue to be the legal owner of the RPs not being administered. The other RPs are in foreclosure process.
Any input will be greatly appreciated.
Silvia
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