Foreclosure Dot Com - Bankruptcies...Please Read !

Hey Everyone...I need your help. I subscribed to Foreclosure dot .com mainly to check out Preforeclosures in various states but what im finding mostly are BANKRUPTCIES.....many many bankruptcies. Chapter 7 and 13. I know this is a crazy question....sorry but im a semi Newbie cool grin but how can I use the service to acquire properties sub to when most of the listings are bankruptcies. Should I assume that these people who are filing bankruptcy no longer want their homes.....i thought with the chapter 13...they are trying to SAVE their homes....why would the website list bankruptcies....HELP !!!

Comments(4)

  • Wayneone7th June, 2005

    thanks bargain...i understand that....but...as an investor, WHY would I want to see a person making attemps to KEEP their home. I want to try to get it....right?

  • IBuyHousesInc7th June, 2005

    Okay maybe I have just been lucky... But i love people in bankruptcy... They’re the easiest people to buy houses from...

    The main reason they filed is because they dont understand the foreclosure laws and they ran out of time.

    Just have them do a dismissal and be ready to pay off the lender to buy the home.

    They cant afford the home and cant borrow the money and when you flash cash it excites them...

    So flash some cash

  • Wayneone8th June, 2005

    THANK YOU SO MUCH !!!!!! I KNEW there was a message to the madness I really appreciate all of your help. I will keep you Posted.

    Sincerely

    Wayneone

  • ramgon12808th June, 2005

    This subject has been discussed extensively on this forum. Do a search in this forum for "Texas" and read the threads. If will be far more detailed and exhaustive than any responses your receive in this thread. Happy investing!

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