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filing for bankruptcy

Started by Babar
about 16 years ago
Posts: 22
Member since: Oct 2009
Discussion about
I made on offer on a house and moved ahead with an inspection to learn the day of the inspection that the owner is filing for bankruptcy. What are the risks for me as a buyer. Can I loose any money in this process ??
Response by stevejhx
about 16 years ago
Posts: 12656
Member since: Feb 2008

I don't think it's ever possible to "loose" money. On real estate or anything else.

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Response by PMG
about 16 years ago
Posts: 1322
Member since: Jan 2008

Do you have a signed contract? Is there a deposit in escrow? It seems to me that the only money you might lose is the cost of the inspection.

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