Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Buying a property in bankruptcy
There is a property on MLS I have seen which apparently has a trustee handling negotiations. The home needs some work, but we are interested in bidding on it.
In researching this type of sale, I read elsewhere that paying the trustee may come out of the buyers pocket -- does anyone has experience with these types of sales? Is that true and if so, is there a way to calculate their cut so I don't over-bid? Is there anything else to know or look out for?
Thanks!!