Posted by max-va on December 18, 2007 at 13:41:36:
depends on timeing
It is possible if you bought sub2 and within a short period of time they filed. However if you owned it a year or more it is very unlikely
seller files bankruptcy after sub2 deal - Posted by terrance
Posted by terrance on December 14, 2007 at 19:43:58:
Our local REI club recently had a debate on what would occur if you took a property sub2 and the seller later filed bankruptcy. Could the BK court take the property from me(the investor),provided there is enough equity to justify doing so, and sell it to satisfy the debt from the BK?