All Forum Posts by: A.J. Bardugone
A.J. Bardugone has started 1 posts and replied 2 times.
Quote from @Chris Seveney:
@A.J. Bardugone
We buy notes so we are very familiar with dealing with loans in BK and also sellers trying to sell in BK. In most instances the trustee will require the property to be listed with an agent and sold. They will not allow a private transaction because they must seek to get best offer for the property
Thanks for the reply and helpful info, Chris.
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.