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    kateowp's Avatar
    kateowp Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 10, 2006, 09:04 AM
    Bankruptcy posting
    Hello,
    There is a property that I have wanted to purchase for a while now that has just been listed on a bankruptcy posting. I believe that this means the bank is preparing to auction it off. Is there any way to purchase the property before the bank puts it up for auction? Someone told be that I can still purchase it from the owners- is this true?
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
    Ultra Member
     
    #2

    Nov 10, 2006, 09:20 AM
    Contact The Bank Directly And Make Them A Offer To Purchase Before Sale.
    RICKYLANDRY's Avatar
    RICKYLANDRY Posts: 16, Reputation: 0
    New Member
     
    #3

    Feb 24, 2008, 06:25 PM
    Yes The Owner Is Properly In Foreclosure Status So They File BankrupTcy ALL BANKRUPTCY DOES IS PUT A BLANKET ON THE FORECLOSURE
    AND BUYS THE OWNER OF THE PROPERTY SOME TIME AND PUTS AN EXTENSION ON THE FORECLOSURE
    Just To By Them Some Time To Sell The Property Or Catch Up On Their Mortgage But Yes You Can Still Purchase The Property From The Owner
    On A Sale Or Short Sale But If The Owner Sells It To You On A Short Sale
    The Offer Has To Still Be Approved By The Lender Who Is The Lien Holder On The Property
    BECAUSE AS A HOME OWNER YOU HAVE RIGHTS TO SAVE YOUR PROPERTY

    1. LOAN MODIFICATION
    2. SPECIAL FOR BARRONS
    3. REPAYMENT PLAN
    4. LOAN REINSTATEMENT
    5. REFINANCE
    6. SHORT SALE
    7. RENT OR LEASE OUT YOUR HOME WITH DOWN PAYMENT
    Sanchezert's Avatar
    Sanchezert Posts: 1, Reputation: 1
    New Member
     
    #4

    Apr 10, 2012, 09:05 PM
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