A hard money loan would be best if the auction is only 10 days away, if you don't have the cash on hand.Another option that is a bit more of a "nuke it from orbit" option, is for the seller to start the paperwork for bankruptcy.

I'm in the process of picking up a property that was in tax foreclosure before the sellers filed bankruptcy.

Potential bankruptcy.

I am now learning that the crowdfunding platform is going bankrupt and they’ve reached out to me saying that I can either sign the note back to them for 25% of the principal or get nothing after bankruptcy.

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

There has to be a meeting of the minds between your network of experts, otherwise the attorney will have one opinion like take bankruptcy, the credit counselor will say consolidate debt and you may have another opinion!

These things are for example a owner/borrower claiming “wrongful” foreclosure; the borrower having file a bankruptcy that the parties missed; a potential claim for work performed on the property but unpaid (mechanics) lien; work paid for but for which the contractor did not pay his laborers ( workman’s lien) and any other basis a fee hungry attorney can think of to file a lawsuit.  

I filed chapter 7 bankruptcy and this October 2022 will be 2 years after the case was closed. 

ThanksAbhijeet You need a bankruptcy attorney to represent your interests in bankruptcy court.

That tenant could become very resentful for you taking away their free place to live and might do anything they can to prolong the situation, like filing for bankruptcy.