Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - If you buy a property in foreclosure and the owner files for bankruptcy but the bank sales. What happens next? - If you buy a property in foreclosure and the owner of the property filed for bankruptcy but the bank sold it. And then the bank tells the person who bought it from the bank that it being filed as emergency court hearing to put bankruptcy aside. The person who bought the property can ask for any damages from the bank? Since they should have known about the bankruptcy and not sold this property. -