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Updated almost 9 years ago,

User Stats

570
Posts
452
Votes
Eric H.
  • Real Estate Solutions Provider
  • Baltimore, MD
452
Votes |
570
Posts

Seller wants contingency contract for bankruptcy court

Eric H.
  • Real Estate Solutions Provider
  • Baltimore, MD
Posted

Greetings BP Fam,

Motivated seller wants a contingency cash contract for bankruptcy court.  Seller owes mortgage that is at least $100,000 higher than what I would offer. Is seller just using me to provide contract for court or is this a potential deal? Anyone familiar with bankruptcy court operations? I'm assuming court would have to approve cash sale. I don't think they would approve a cash sale of $100,000 lower than mortgage without exploring other options (short sale, auction). Where does mortgage company come into play here? Baltimore, Maryland, taxes, bankruptcy

Thanks in advance!

Sincerely,

E. Harris

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