Bankruptcy Sale Financing Advise?

[Keith A. Payne]

Was trying to find any information as to how to get financing or the best steps to following concerning properties which such parameters attached.


Seller is accepting Cash and Conventional Only. Buyer is required to pay a 5% of purchase price or $7500 (whichever is greater) surcharge at closing to the bankruptcy estate. Gross commission is subject to approval by a lender, court, or other encumbrance holder

Seller is accepting Cash and Conventional Only.
3. At least $4,000.00 Binder in the form of a cashier's check will be due one day after acceptance by
the sellers and made payable to the Closing Agent. Can also be wired.
4. Binder is non-refundable except if the buyer is unable to obtain financing or if seller cannot provide clear title.
5. Closing shall occur within 10 days after the order is entered in the bankruptcy case authorizing the sale.
6. Buyer will supply to seller all inspections, appraisals, and surveys done on the property within 2 days of receipt.
7. Buyer agrees to make ALL lender required repairs before closing.
8. Buyer's lender MUST submit lenders packet to the closing agent 72 business hours before closing.
9. Principles will not be paid a commission.
10. Wet signatures only! No digital signatures.
11. Please have your buyers print their names under where they sign.
12. We will let you know via email if your offer has been accepted. Please allow 4 business days for seller to sign the contract

A. Buyer is buying property in its "AS-IS" condition. Seller to make no repairs.
B. Binder is non-refundable except if Buyer is unable to obtain financing or if seller is not able
to provide buyer with a clear title.
C. Buyer will supply to seller all inspections, appraisals, and surveys on the property within 2 days of receipt.
D. Buyer is responsible for turning on all utilities for inspections and appraisals and pay any required utility
inspection fees if needed to turn on
E. Closing shall occur 10 Days after the order is entered in the bankruptcy case authorizing the sale.