Chapter 7 And How To Get Them Out To Buy
I have seller that is in chapter 7 bankruptcy and still wants to sell me his house. How do i get it out?
Iam going to try to go for a short sale .
I have seller that is in chapter 7 bankruptcy and still wants to sell me his house. How do i get it out?
Iam going to try to go for a short sale .
ma1234,
Glad to meet you.
You will need authorization from the Bankruptcy Trustee to purchase the property. In other words the court must give permission for the seller to sell you the property and release it from the Bankruptcy.
John $Cash$ Locke
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talk to a BK atty. The process is very different that generic buying/selling.
I have seen offers submitted w/o solicitation , with over bid w and w/o min bid, stalking horse.. Lots to learn.