Seller bankruptcy affect on L/O? - Posted by DB (WI)

Posted by bronchick on March 11, 1999 at 17:45:40:

A contract may be voided by the bankruptcy trustee if the seller files.

As outlined in my course, you should record a mortgage against the landlord/seller’s property, which will make you a priority secured lien holder if the seller files.

Seller bankruptcy affect on L/O? - Posted by DB (WI)

Posted by DB (WI) on March 11, 1999 at 15:08:57:

How do you protect yourself should a seller go bankrupt, when you have a L/O on one of their properties?