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Re: How do you prevent....?

Posted by Michael on July 18, 2003 at 10:23 AM

In Reply to: How do you prevent....? posted by jom on July 18, 2003 at 8:57 AM

You can't prevent that. :( Just like you can't prevent the owner from accumulating new liens on the property.

I'm now in almost exactly the same situation with a different twist though.

I think your friend and the investor need to consult with a really good attorney
who's knowledgeable about the subject to find a way out.

: The question remains then is how can you prevent the owner of the
: property from filing BK after you purchase the property? This would
: seem to be a difficult problem... ????

: jom



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