M
maddielb
Guest
What is the name of your state? Indiana
I am purchasing a home on a registered land contract and the owners filed bankruptcy on 9/23/02. They are not going to reaffirm on the house, so it will go into foreclosure. I am wondering what to do at this point. The land contract is up in Feb. 2003 and at that time, I was supposed to get a mortgage, which I planned to do. I would be willing to assume the existing mortgage, but am unsure how to proceed at this point. Please advise. Thanks.
I am purchasing a home on a registered land contract and the owners filed bankruptcy on 9/23/02. They are not going to reaffirm on the house, so it will go into foreclosure. I am wondering what to do at this point. The land contract is up in Feb. 2003 and at that time, I was supposed to get a mortgage, which I planned to do. I would be willing to assume the existing mortgage, but am unsure how to proceed at this point. Please advise. Thanks.