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Old 09-20-2008, 07:29 PM
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Purchasing real Estate when owner of it has declared Bankruptcy

What is the name of your state (only U.S. law)? North Carolina

Hello,

We looked at a property in NC. that owners had for sale. 24 hrs before we looked at the property they filed bank ruptcy. Is it possible to purchase this property from the court or from the lein holders? How would we go about it? The home is not their Main Residence
Last edited by donnamkcon; 09-20-2008 at 09:06 PM. Reason: added additional info
  #2  
Old 09-21-2008, 01:26 AM
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Join Date: May 2000
Location: Catatonic State
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Quote:
Originally Posted by donnamkcon View Post
What is the name of your state (only U.S. law)? North Carolina

Hello,

We looked at a property in NC. that owners had for sale. 24 hrs before we looked at the property they filed bank ruptcy. Is it possible to purchase this property from the court or from the lein holders? How would we go about it? The home is not their Main Residence
**A: you can turn an offer in and if the Seller accepts the offer, it must be approved by the BK Trustee.
  #3  
Old 09-24-2008, 12:08 PM
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Thank you for the info it is appreciated
  #4  
Old 09-24-2008, 07:00 PM
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Location: Catatonic State
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You are welcome.
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