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How do I sell my condo when the building (not my unit) is in foreclosure?This forum post is dated 03/12/10. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it. Wisconsin - Foreclosure (Are you in danger of losing your home in Wisconsin? Have you lost your job and your steady income? What are lenders willing to do to help homeowners in trouble. Will President Obama's stimulus program help to keep you from losing your home? Will filing for bankruptcy result in the loss of your home?)
- Wisconsin Real Estate Messages --> Newest Wisconsin Messages
- Wisconsin, Foreclosure (Are you in danger of losing your home in Wisconsin? Have you lost your job and your steady income? What are lenders willing to do to help homeowners in trouble. Will President Obama's stimulus program help to keep you from losing your home? Will filing for bankruptcy result in the loss of your home?)
| How do I sell my condo when the building (not my unit) is in foreclosure? In March of 2008 I bought a beautiful loft-style condo in Wisconsin. Later that year, the developer that owned the building defaulted on the loan and went into foreclosure. Another developer bought the loan but not the building, which is going to go to sheriff's sale hopefully sometime this year. As I understand, the developer that bought the loan wants to buy the building as well but we don't know what will happen until the time of the sheriff's sale. The developer that was foreclosed upon is now out-of-business, and a court-appointed receiver is now in charge of managing the building. I now have someone who is potentially interested in buying my unit, and I'd be selling it to him on my own without a real estate agent. Does anyone have any idea how to go about this? Email me if necessary. If you are experienced in this field, think of it as racking up some good karmic bonus points for advising me pro bono? |
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- Wisconsin Real Estate Messages --> Newest Wisconsin Messages
- Wisconsin, Foreclosure (Are you in danger of losing your home in Wisconsin? Have you lost your job and your steady income? What are lenders willing to do to help homeowners in trouble. Will President Obama's stimulus program help to keep you from losing your home? Will filing for bankruptcy result in the loss of your home?)
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