Bankruptcy & Pre-foreclosure

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Can I purchase a home subject-to the existing mortgage when the homeowner has filed for bankruptcy? :-S

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  • JohnLocke21st January, 2003
    0
    Reply

    spineles,

    Glad to meet you.

    Yes, you can purchase a house Subject To this way.

    You will need to talk to the Bankruptcy Trustee, explain the situation on how you are trying to help the seller.

    Normally the Trustee will release the property from the Bankruptcy, just smile a lot.

    Welcome on board this board, hope to see many posts from you.

    John $Cash$ Locke

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