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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] buy before foreclosure or at auction Posted by Renee on November 24, 2001 at 7:03 PM I have been attempting to purchase a home (in KY) where the owners have filed bankruptcy and agreed to sell to us. They hardly return our realtors calls and have not been able to comply with the contract they signed with us. Now we've found out that the house is in foreclosure and to be auctioned 12/11/01. We know there are 2 mortgages but the bank foreclosing is a different bank than the 1st 2. Did they buy it from them? Our realtor is still trying to work with the sellers but it seems the price would involve all their debts. Would we be able to bid and win at the auction or would professionals or the bank be able to out bid us? We are willing to pay far more than the amount listed to "be raised" but not the amount to get them out of all their debts. What are our chances? Follow Ups: Re: In this case, at the auction Ward-CA- 10:36 PM, 11/24/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have been attempting to purchase a home (in KY) where the owners have filed bankruptcy and agreed to sell to us. They hardly return our realtors calls and have not been able to comply with the contract they signed with us. Now we've found out that the house is in foreclosure and to be auctioned 12/11/01. We know there are 2 mortgages but the bank foreclosing is a different bank than the 1st 2. Did they buy it from them? Our realtor is still trying to work with the sellers but it seems the price would involve all their debts. Would we be able to bid and win at the auction or would professionals or the bank be able to out bid us? We are willing to pay far more than the amount listed to "be raised" but not the amount to get them out of all their debts. What are our chances? 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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