Right now I am working on a house that on Oct. 1 will be filed on for bankruptcy. I am hoping to find a buyer before then, but i am thinking wishfully! Can anyone give me information on what happens when it’s filed on if the bank accepts my offer. I have an appt. with the BPO this week for the house.
Thanks in advance!
I’m working on something myself where the owners are in Ch.7. I’m a newbie and learning as I go, so someone correct me if I’m wrong, but I believe once bankruptcy is filed you need permission from the court/trustee for the owner to sell the house. If you are going to pursue a short sale, the trustee may release the house.
thank you!