I have (had) a condo in FL. I was served the initial Forclosure lawsuit in April of 2008. My BK petition (Chp7) was filed shortly thereafter. My loan for the Condo was included in the BK petition. My Chp 7 BK was approved in September of 2008 but the bank has not done anything further to take back the condo (It's still in my name). My lawyer says the bank must still go through with the foreclosure process to take over ownership/auction it/ sell it.
I want it out of my name. A friend suggested I attempt to sell it to him for an extremely low price (lets say $1,000). When the title company handling the closing informs the bank of the pending sale, the bank will then move ahead with the foreclosure proceedng to protect their interest and this will get it out of my name.
Is this legal? What if the bank still doesn't foreclose after learning of pending sale, does it now belong to the buyer free and clear?

