bankruptcy homes?

Question

If I want to look at peoples houses that they declaired bankruptcy on how would I find them?

Answer 1

Bankruptcy is a completely separate issue than foreclosure. The property is a secured debt, and the primary residence has significant protections under law, even under bankruptcy. Most homeowners who declare bankruptcy manage to keep their property.

Foreclosure is different. These are people who have not kept up on the payments for the mortgage, and the lender is foreclosing upon them in order to satisfy the secured debt. Whereas foreclosure often is a prelude to bankruptcy, it's a separate issue.

Now, most counties provide free or essentially free lists of Notices of Default, Notices of Trustee's Sale, and Trustee's sales. They are worthless, because they don't get distributed for one to two weeks after, and by that time all the bankruptcy lawyers, all the agents and brokers and loan officers, have all swarmed them. If someone has said, "No," 227 times in the last two weeks, what could you possibly offer that's going to make them say, "Yes" to you on attempt number 228?

There are companies that specialize in getting the information out fast, but you have to pay big $$$ for their service. If you're going to work that market, it's worth it.

However, be advised that to work the foreclosure market, you've got to have some cash that you're willing to risk losing, as the one thing people in this situation cannot afford is someone who cannot consummate the deal quickly. There are many angles to the market, but none of them that doesn't require thousands of dollars in your hot little hand.

Answer 2

You can review the records of the local bankruptcy court. The debtor must disclose all of his or her property when they file for bankruptcy bankruptcy. The papers might disclose their intention with respect to whether or not they intend to keep the property. Once the bankruptcy has concluded, the debtor will most likely be able to sell the house if they can find a buyer. Sale of the house while the case is pending would require court permission.

Your are better off looking into houses that are in foreclosure but not bankruptcy. There would be a lot less hassle.

Answer 3

The site below should help. It doesn't give the property adress but I always go to realtor.com and find houses in that price range that I think match the description and I go and look at them. The longer it stays on the foreclosure site, the cheaper the purchase price is. Foreclosure houses are typically unoccupied and you can contact the realtor to go and have a look, plus you can peek in the windows. Sometimes, the houses are unlocked. The asking price at first is usually pay-off, but as I said, the longer it sits, the cheaper it gets, they start taking a loss. The houses that are foreclosed usually require a little work as well. When we purchased our foreclosure, we had to do some cosmetic work, but we now have about 50-60K in equity! Good Luck!

Answer 4

At this site you can find solutions from different companies: CREDIT-COMPARE.NET-

RE Bankruptcy homes?

If I want to look at peoples houses that they declaired bankruptcy on how would I find them?

Answer 5

You can't, mortgagors still retain possession/ownership of the home when in bankruptcy.

Are you thinking foreclosed homes? If so, most banks have listings of the properties they have foreclosed on their websites. FNMA, FHLMC, and HUD also sell the properties that were foreclosed in their names, and I believe they have their properties listed on their websites as well.

Good luck!

Answer 6

I'm not sure U can legally.
U'll have 2 wait 4 their properties 2 come up 4 auction.

Answer 7

yeah, in a courthouse where you can find them a list. Before something is foreclose there will be another way to avoid it and that could be the payment of debts including the interest. Try to take advices from your lawyer.

Answer 8

You can go to the courthouse if you have lots of time on your hands to bid when people are foreclosing. They have to do this out in the public lobby area.

I know because unfortunately I've had to foreclose on someone.

Answer 9

hello guys I am here to tell u today about the bankruptcy home loan it is home loan company who is providing you the loan and it is giving the best intrest about 15% so u can get closer to that i m providing the link below

Answer 10

Sheriff office has a listing.