Offers to Buy

**Dlynn** · 10-26-2010, 12:03 PM

We are going to look at a house that the agent said is in bankruptcy court and that has an offer coming in today. Who would make the decision on that offer? Also, if that offer is accepted, can we still make an offer?

**First Time Home Buyers** · 10-26-2010, 05:07 PM

Sounds like you need a Realtor and a Real Estate Attorney.

You need to be super careful in this situation. A "deal" could turn into a "lawsuit" if you don't play your cards right.

**francinebourne** · 10-27-2010, 10:45 PM

Make sure before agree with the deal the legal papers of the property should be clean and complete.You can seek to the professional just to make sure you will not get in trouble in the end.

**davidbkeegan** · 10-31-2010, 10:49 PM

Originally Posted by francinebourne

Make sure before agree with the deal the legal papers of the property should be clean and complete.You can seek to the professional just to make sure you will not get in trouble in the end.

Definitely, don't get fooled into getting a "deal" which in the end will get you many, many hours in court trying to get out of this "deal." May not be worth it.

**White Bear Lake MN Homes** · 11-01-2010, 08:18 PM

Without knowing the ruling in bankruptcy court, it's hard to know with 100% certainty who will own the deed for the property. In most cases, the bank ends up with the deed, and then they decide on any/all offers. When in doubt, consult a real estate attorney, and ask the attorney about making your offer contingent upon the bank first obtaining legal ownership of the property. Good luck!