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beardchris76 · Joined: 18 Apr 2011 Posts: 1 1.25 Dollars($)

my friend filed bankruptcy approx. 4 months ago her house is valued at 120 and she owes 65, can i purchase the house and then sell it or how does that work?

smithsussane · Posted: Mon Apr 18, 2011 8:45 pm Post subject:

Hi beardchris!

Welcome to forums!

If your friend does not want to keep the property, then he has to surrender the property to the lender. You can contact the lender in order to purchase the property. It will be the lender's discretion whether or not he will sell off the property to you.

Feel free to ask if you've further queries.

Sussane

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my friend filed bankruptcy approx. four months ago and i was wondering if i could assume the loan and then sell the house myself?

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