Sub 2 house and bankruptcy - Posted by Chris

Real Estate Investing Real Estate Law
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Posted by John Merchant on March 21, 2011 at 12:04:57:

If she hasn’t a Discharge yet then she cannot legally sell to anybody as she doesn’t own it…the BK Trustee is the owner until BK Trustee enters some order otherwise disbursing “BK Estate” assets.

It could be that even if she hasn’t received a discharge her lawyer might get Tee’s permission for her to sell it sub-to.

Tee might like to have some cash from you for down-payment as cash is always useful.

If S isn’t sure, then you have every right to call her lawyer and ask him/her.

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Sub 2 house and bankruptcy - Posted by Chris

Posted by Chris on March 21, 2011 at 01:30:50:

I have a seller who filed bankruptcy sometime back. The house was
included in the bankruptcy and her payment is paid either to the trustee or
her lawyer. This could be a good deal if I could get it sub 2 Is this
possible and if so how?