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Updated about 3 years ago on . Most recent reply

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A.J. Bardugone
  • Investor
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Buying from sellers in a bankruptcy

A.J. Bardugone
  • Investor
Posted

Hey all.

Would anyone with experience buying homes from sellers who are in an active Chap. 7 or 13 bankruptcy speak to the experience?  On the surface, it seems as if they'd be difficult-to-close, time-consuming and possibly expensive transactions.  

Has anyone had success with these and if so, were they worth it?  I assume we'd have to deal with not only the seller, but the trustee assigned to the BK.  Any insights, advice and experiences are much appreciated.  I'm in Virginia, if that matters/helps.

Thanks.

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