Bankruptcy--Why would a debtor sell me their house?
I have access to a list of debtors who declared BK. The house was protected by the BK initially but the court is going to remove the house from the protection of the BK. Before I spend time and money marketing to this list, I would like to map out some plausible problems they have that I can solve.
Here is what I have so far. Is there some big "pain" point I am missing?
- They can control when the move instead of letting the sheriff throw them out
- I could try to set up an "us versus them" about the 'greedy bank.' Don't want to let the !@#$ 'greedy bank' take your house. Sell it to me instead.
- Some moving money
- Avoid a foreclosure on the credit report--but still have a BK. So their credit is wrecked anyway.
That's about it. Maybe I don't know enough about the process. Is there a compelling reason a person going through this process would rather sell to me on a short sale or a sub 2 instead of living for free until the foreclosure process plays out?