Bankruptcy Deal

I found a property the sellers dont want and they have filed banckruptcy. There is a large second and small first.

I have never done a bankruptcy deal.. how do you structure deal and best way to approach for easy refinancing or purchase. Would like to keep my out of pocket cash to a minimum structuring deal.

Comments(1)

  • lp121st March, 2005

    you can do a short sale, w the courts permission..I am assuming there are other judgment liens.

    if the only liens are the 2 mortgages then you can have your sellers withdraw their petition, and then pursue a short sale, if its warranted..

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