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The property located at 3rd Ave in Houston, Mississippi, is tied to a bankruptcy in some manner. Please note that in the context of bankruptcy, it is not the property itself that is declared bankrupt. The subject of bankruptcy is the individual or business entity that either resides at or owns the property. If this property is owned by the individual or business entity that has filed bankruptcy, then it will be part of the bankruptcy proceedings.
Real estate is a valuable asset that a court can take control of during bankruptcy proceedings to sell and obtain funds to pay off debts. Property owners experiencing financial difficulties are often highly motivated and willing to consider selling their homes at a discount to liquidate equity and avoid bankruptcy. Expert real estate professionals recognize that this situation presents significant opportunities for savvy buyers and investors. With the right knowledge and guidance, the potential payoffs can be substantial.
Single-Family provides accurate and up-to-date information, backed by our team of real estate experts, to help you navigate these opportunities effectively.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 05/01/25 | Bankruptcy |
FIRST STEPS:BankruptciesReal estate is a valuable asset of which a court can take control to sell and obtain funds to pay off debts. Property owners who are experiencing financial issues are often motivated, willing to consider selling their homes at discounts to liquidate equity and avoid bankruptcy. And the payoff(s) for a savvy buyer and/or investor can be huge. To make it work, you need to learn all you can about the property from public records, as well as contact the Realtor® if the property is for sale. For your convenience, this contact information is located under the property's "Bankruptcy Information" header. If it is not listed, you will need to speak to whomever the court officer directs you to contact regarding the purchase of the property. Important: We often share the debtor's mailing address in a bankruptcy filing, which is attributed to the person(s) living in the home. Accordingly, it's possible that a tenant(s) and/or renter(s) is facing bankruptcy and not the actual homeowner(s) on the title/deed. Collecting this information at the county courthouse or records office will enable you to learn what actions must be taken to make a valid offer to purchase. In most cases, your offer will have to be approved by the bankruptcy judge or trustee who is in charge of liquidating or selling the assets of the person who filed bankruptcy. The court's objective is to get a fast but fair offer for the real estate, converting it to cash to satisfy and pay as many of bankrupt person's creditors as possible. With patience and persistence, however, it's possible to turn someone's misfortune into your personal gain. |
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