I just found out that my old neighbor just filed bankruptcy this week. I plan on talking to her tomorrow or Monday possibly on an existing loan purchase. What forms do I need? This is a VERY good opportunity and most importantly maybe I can help her out. This is is in a very hot area. I just sold my house in this area 2 months and got 46k more that what I bought it for 5yrs ago. The average house stays on the market 2 weeks. Need Help Fast.
thanks
Act like a friend and not someone trying to take advantage and you’ll do fine. For the forms however im not sure. Id do my homework first however.
First you will need to see if they included the home in the bankruptcy. If yes you will need their attorney’s help in petitioning the judge to have it removed from the bankruptcy. Then they will have to sell it to you for loan balance …or more… but they will not be allowed to keep the proceeds. Could take at least 25 day to get it out of bankruptcy.
If not in…then work your magic
Darin
Thanks guys.