Bankruptcy Question

1 Reply

I am subscribing to a professional service that provides me with professional comp reports as well as foreclosures/preforeclosures/fsbo's and bankruptcys.

My question is what am I supposed to do (possibly) with bankrupties?? I have all the info (asset indicator, attorney info, case#, debtor, file type, type of bankruptcy, etc etc) Do they have to sell for some reason? They just normally want to? I don't know anything about bankruptcies can someone help me here?

Bankruptcies are a special animal. Sometimes a house is protected in bankruptcy and the owner will reorganize their debt. Sometimes there is a lot of equity in the property that the owner will not be able to protect so they might have to sell. But obviously anyone in bankruptcy is having financial difficulty so this has to be considered as a source of potential leads.

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