Now that Michigan has become a right to work state and the city of Detroit is headed toward filing bankruptcy, maybe it will get better.

Hi @jimmy, a contract of ours finally got ratified (last week) after it got approved by the Bankruptcy court.

Are hard money loans even an option with a bankruptcy on credit report?

He may not have time to wait on a market offer before he actually goes into bankruptcy.

@Brett BradenDeclaring bankruptcy before Jan 8, 2014 will delay the Trustee Sale.Disclaimer: The content of this message is for informational and educational purposes only and not for the purpose of providing legal, tax or accounting advice.

At this point I would absolutely recommend you talk to both an attorney who sets up corporations and to one who does Bankruptcy protection and defends against collections.

When my realtor got back to me, she said the lawyer got back to her, and said that within the bankruptcy case,  there was issues with the financial review of the bankruptcy.

Prices kept moving downwards as heavily indebted investors tried to sell to avoid bankruptcy.

The seller filed bankruptcy sometime in 2007 or 2008.  

In another year, the house becomes mine anyway when the bankruptcy is finalized, so I'm stuck.