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Where there's a will there's a way...

Posted by Ward-CA- on April 24, 2002 at 7:34 AM

In Reply to: Re: Post-bankruptcy foreclosure... posted by Jeff on April 23, 2002 at 9:45 AM

: Ward,
: Is there a way to put a deal together in this situation? There are about $85k worth of liens, some minor fixup costs, market value will be near $130k.
: Thanks!

=•=•=•=•=•=•=•=•=•=•=

Jeff,

Cut through the haze and determine who’s really holding title right now. Ask your local title company’s Customer Service department to check for any new ownership change for the property in the last 30 days.

My suspicion is that the owner-in-foreclosure is still the current owner, rather than the bankruptcy trustee. And if the owner has been discharged he’s free to wheel and deal with you.


Good luck.


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