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Updated over 8 years ago on . Most recent reply

Courtney Huinker's profile image
Courtney Huinker's profile image
Courtney Huinker
  • from Minneapolis, Minnesota
  • Member since Aug 3, 2016
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Courtney Huinker's profile image
Courtney Huinker's profile image
Courtney Huinker
  • from Minneapolis, Minnesota
  • Member since Aug 3, 2016
Connect
Courtney Huinker
  • Minneapolis, Minnesota
0
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3
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Buying & Selling Real Estate

1st Mortgage Broker is Bankrupt

Courtney Huinker
  • Minneapolis, Minnesota
Posted

Hello,

We live near an abandoned house that we would like to buy and flip.  We called the owner of the property and they said they were the 2nd mortgage on the property.  We found the company who owned the first property is now bankrupt (for about 3 years).  Does anyone have any experience with this?  Could we just buy the 2nd mortgage and own it outright?  Any help is appreciated! 

Thank you!! 

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