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Re: Trust into Bankruptcy

Posted by frankCA on December 19, 2003 at 11:38 AM

In Reply to: Trust into Bankruptcy posted by Chris on December 15, 2003 at 6:09 AM

: Hi 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?

Hi Chris
You can reach me at frankca@aaahawk.com if you would like to discuss this further.



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