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Updated almost 12 years ago on .

User Stats

26
Posts
2
Votes
Jithesh Prabhakar
  • Rehabber
  • Cheverly, MD
2
Votes |
26
Posts

Land Contract on a property, owner going through bankruptcy chapter 13

Jithesh Prabhakar
  • Rehabber
  • Cheverly, MD
Posted

We are negotiating on our second property and the owner tells that they have filed Chapter 13 Bankruptcy 3.5 years ago.

The property is in Maryland and we wanted to do a Land Contract on the property paying her monthly rent to cover the mortgage.

Is this possible ? Please can any one share their experience and adivce me the right steps to take.

We will be meeting with the lawyers to discuss the matter, but would like to get educated before and have our questions ready..

Thanks in Advance.