An owner is in brankruptcy and this has held up foreclosure from bank.
This seems like a chance for a great deal but have heard that the courts have to approve the sale in these cases. IS it a hard or long process?
Ower did say that his lawyer said he could sell the house but had some extra paperwork to fill out.
So far it looks like the market value would be about 125K. Owes 70K to bank and owner wants 5K. I will also have to check for anyother liens on property.
What would you offer?
How much do I need to worry about if my offer is high enough so the courts will approve it.
Thanks for any suggestions?