Posted by rm on August 23, 2003 at 09:49:00:
Well, then maybe you should pass on this one.
What you don’t know CAN hurt you.
You have no idea if they have clear title on the property, and you don’t know if they can even sell the property, as it may still be subject to the bankruptcy.
You have no idea if there are any mechanic’s liens, delinquent taxes, IRS liens or judgments on the property.
You also don’t know if anyone else is in the chain of title.
If you proceed, everything might work out in the end, but your risks are very, very high.
See my post here: