Bankruptcy
I found a homeowner that has about 20k of equity and they only want 1k for themselves in order for me to take the property. Total amount owed is about 80k.
Money is not the problem.
My problem is that they said they are in chapter 7 bankruptcy and they are not sure they can sell the house. Currently, the home is listed to be sold at the foreclosure auction in about 10 days.
Can I still buy this home with what they said?
The owner told me the bank will not discuss her loan with her, including getting a payoff amount, due to the bankruptcy status.
Mark
Comments(0)