Posts Tagged ‘property owners’

What to do when your seller is filing for bankruptcy or a short sale?

Thursday, October 22nd, 2009

In today’s economic climate the odds of coming across a client that is in the situation where bankruptcy or a short sale is their only way out it not that unlikely. Your clients maybe looking toward you for advice on which way is the better route to take. It will all depend on a per client bases. Do they owe more on the property then what its worth? Other things to keep in mind are that once the property owner goes into the bankruptcy status and the foreclosure begins to take effect the owner can stay in their property longer as well as buy them time from their creditors. If you would like some more information give us a call at 760-476-1535. We are Theory Corporation, a real estate investment firm primarily focused on multifamily units across the United States. You’re welcome to join are net work, it’s FREE!! Visit www.MFdeals.com and sign up for your free account.