Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Looking to buy property/owners in Chapter 13
Property used to be up for foreclosure, now owner has declared bankruptcy. County said that the trustee dropped the foreclosure. Property owner contacted me offering to sell for a pretty steep price. My question is, is there any way to contact the chapter 13 trustee or whoever is handling the bankruptcy and go directly to them with an offer? I'm sorry, I really don't have any idea what I am talking about so that may not make sense. I've never been in this sort of situation. Any advice about how you all would go about this? The property was in our family for many years and I would love an opportunity to buy it back if possible. I think the current owner is hoping my nostalgia about the property will net her a big gain. I really don't want to go to any local realtors for advice because I'm afraid they would go straight to their investors with it, as it has the possibility of actually being a great investment in the long term. Any advice would be appreciated, thank you!!