Buying someones house in bankruptcy

April 4th, 2011 by Questions

I am wanting to buy someone’s house under an Agreement for sale clause but they have filed bankruptcy. Does the bankrutpcy automatically take the house

Posted from: Alberta


One Response to “Buying someones house in bankruptcy”

, A licensed trustee said:

The sellar may use the bankruptcy filing to stop the sale, if they want to/need to. Your best course of action is to call the trustee handling the bankrupcy and ask them what the status of the house and sale is – the truste should know if the sale is going to proceed or not.

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