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Response to Purchasing house that is soon to be repossessed??

from Lee (repossession@bigfoot.com)
The lender may or may not let him sell to you, but the judge may have a different view.

To help yourself the landlord needs to be able to tell the repossession hearing that he has a firm offer from someone else to be able to prove it.

If the offer is lower than the value of the landlord's debt, the lender may resist before or even in court but this is no longer necessarily a reason why a sale should not go gthrough.

Lee

(posted 9065 days ago)

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