Short Sale Help

erinutah profile photo

I want to buy a house in my neighborhood. Owners in divorce. Filed for bankruptcy earlier this month. Mortgage is 365K. Fabulous house that needs major cosmetic work done. I want to offer 330K. Will mortgage holders (2 in this case) accept less than mortgage amount? If so how do I facilitate this? Thanks

Comments(2)

  • erinutah23rd February, 2005

    I really appreicate your help. Now that the house is in Bkrupy, what happens now? Can I make an offer to the trustee? Do I wait until____ happens?

  • ryand23rd February, 2005

    i kinda delt with this at one point and the house i was working on just got dismissed after 2 years.. that is how long it took. it can delay the foreclosure for a long time.

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