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Posted: Sat Jan 12, 2008 8:47 pm
by traci.w
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?
Posted: Sat Jan 12, 2008 10:17 pm
by Beechy
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
Posted: Sun Jan 13, 2008 1:51 am
by MelanieGiles
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
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http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp