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Jeff B.
  • Rental Property Investor
  • Taylor Mill, KY
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105
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Who to approach? Bankrupt owner still on title.

Jeff B.
  • Rental Property Investor
  • Taylor Mill, KY
Posted Mar 11 2012, 11:09

A friend of a friend filed bankruptcy over 3 years ago. The house was forclosed and he moved out of the house. The bank that forclosed also filed bankruptcy and was taken over by another bank. Supposedly, THAT bank also filed bankruptcy and was taken over by BofA. (I'm not positive on the story of the banks, but do know the original owner did file bankruptcy and has moved on) However, per the county, the friend of a friend is still on the title. He is getting letters from a bank demanding payment and he is saying it's not his house.

I'm not sure of any of the numbers on the house, but that's irrelevant right now. I'm just trying to determine who I would talk to about possibly getting the house. Since he is still the owner of record, could he try to work out a deal with the bank and sell it as a short sale?

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