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Need advice: Buying a house and sell declares bankrupty
Hi,
I am having an amazing experience buying my 1st house. This is Chicago, Illinois. I gave an offer to a house back in Feburary and everything went though relatively smoothly and we are waiting for closing on 4/1. Just today, my attorney called and said the sell attorney just said the sell is filing bankrupcy on 3/31 in court. What #^$&$^@!#*! The seller is self employed and had a small business from home. The title shows he still owns $$ on his house (though less than our buying price), and he hasn't paid his 2002 property tax yet. At this point, I am not sure whether we still want to house or not. We are in close contact with our attorney. But just want to get some advices/experiences as to what could be hidden and hurt us. Thx! |
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