Seller Filing Bankruptcy

[Michael King]

Hi everyone,

    I received a call from a lady yesterday who is filing bankruptcy and wants to sell her house quick so she can just start over. I am wondering what the best course of action is. I'm not sure if buying "subject to", trying to get a lease option, or offering a lower cash price is such a good idea in this case. Don't some sales have to be approved by the bankruptcy lawyer?

    I have not spoke with her yet, but did leave her a return message. I just want to make sure I know what I'm getting myself into before I talk to her.

    Thanks!

                 Mike

[Josh Caldwell]

Mike

you need somone on your team who understands MA laws RE bankruptcy.  In some states you cant buy a house when the seller has filed.  Also you need to know about leins and mortgages at the very least.   I would start by asking a lot of questions of the seller.

to your success

Josh