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Updated over 6 years ago on . Most recent reply

Peter Cogliano's profile image
Peter Cogliano's profile image
Peter Cogliano
  • Accountant
  • Member since Jun 3, 2019

User Stats

15
Posts
2
Votes
Peter Cogliano's profile image
Peter Cogliano's profile image
Peter Cogliano
  • Accountant
  • Member since Jun 3, 2019
Peter Cogliano
  • Accountant
2
Votes |
15
Posts
Foreclosures

Subject To Investing

Peter Cogliano
  • Accountant
Posted

Hey BP community, couple quick questions for you all this morning in regards to a property I am looking to take over subject to the existing mortgage.

•Can I acquire the home if the owner has filed for Ch. 13 bankruptcy ?

• Does it matter that this property will potentially become a short sale from the bank?

•Would the only reason a bank may call the loan due is if the property potentially can sell on a short sale for more than what’s owed on the principal?

Thanks Everyone!

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