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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Buying a house In Foreclouse Not Sold Yet Posted by George Norman on August 28, 2003 at 7:33 PM I have an opportunity to purchase a house that is in Foreclosure at 65% FMV. The owner is in Chapter 13 and has not made any payments in 4 months. In order to sell they must file a motion to sell assets, 45- 60 day process. Can I get a new mortgate, pay off the 1st Mtg and get title to the property without a problem? Can I get title insurance? What are the risks to the buyer and seller doing a deal without getting approval to sell via the bankruptcy court? Follow Ups: Re: Buying a house In Foreclouse Not Sold Yet adolina galeano 1:00 PM, 09/03/06 (0) Working in concert with bankruptcy rules... Ward-CA- 10:31 AM, 08/29/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have an opportunity to purchase a house that is in Foreclosure at 65% FMV. The owner is in Chapter 13 and has not made any payments in 4 months. In order to sell they must file a motion to sell assets, 45- 60 day process. Can I get a new mortgate, pay off the 1st Mtg and get title to the property without a problem? Can I get title insurance? What are the risks to the buyer and seller doing a deal without getting approval to sell via the bankruptcy court? 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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