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Foreclosure Forum |
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Trust into BankruptcyHi all, Has anyone any opinions on the concept of deeding the house into a trust and having the trust file for bankruptcy to buy time before the auction? Is this doable? This would have the advantage of not having the BK go on the seller's record, which may be something that would sway his decision to work with you. I've heard this was being done by a local investor (Nevada), but haven't had a chance to ask about details. Thoughts?
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