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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Selling to an investor vs. filing bankruptcy Posted by Rebecca on June 17, 2002 at 11:07 PM In Reply to: Re: Selling to an investor vs. filing bankruptcy posted by Paul L on June 13, 2002 at 3:30 PM : I too have the same problem. A property that I was going to buy at Sheriff sale was pulled because the owner file bankruptcy. Is there any out there who share some insight as to what to do when this or the problem that Jason has? : Paul _______________________ I am an investor in forecloser properties and I actually have advised people to file bankruptcy so they could keep their home. If I did not advise this I would feel I was not being honest in trying to help the homeowner in exploring all their options. Of course, people don't want to lose their homes and I would rather see them work their problems out and keep it if possible. This doesn't help you as an investor of course, but it's all depends on how bad you want to profit from their situation. It is usually 2 years after the date of discharge before they can purchase another home, assuming they established some kind of decent credit since then. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I too have the same problem. A property that I was going to buy at Sheriff sale was pulled because the owner file bankruptcy. Is there any out there who share some insight as to what to do when this or the problem that Jason has? : : Paul : _______________________ : I am an investor in forecloser properties and I actually have advised : people to file bankruptcy so they could keep their home. : If I did not advise this I would feel I : was not being honest in trying to help the homeowner in exploring : all their options. Of course, people don't want to lose their homes and I : would rather see them work their problems out and keep it if : possible. This doesn't help you as an investor of course, but it's : all depends on how bad you want to profit from their situation. : It is usually 2 years after the date of discharge before they : can purchase another home, assuming they established : some kind of decent credit since then. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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