buy a house which the owner has no equity in

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traci.w

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Post by traci.w » Sat Jan 12, 2008 8:47 pm
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I want to buy a house which the owner has no equity in and is declaring bankruptcy. How long does it take for the property to become available for sale?
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Beechy

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Post by Beechy » Sat Jan 12, 2008 10:17 pm
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If there is no equity in the house it is unlikely that the OR will force the sale of the property and the current owners will stay there.

I cannot see any reason why the OR would force a person out of property where there is no equity.

Dave Beech
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MelanieGiles

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Post by MelanieGiles » Sun Jan 13, 2008 1:51 am
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Are you wanting to buy with the agreement of the bankrupt?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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