$301,007 EMV


3 Beds 2,130 Sq. Ft.

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Chesapeake Trl
Columbia, IL 62236

Status: Active
Listing ID: 56559186

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Bankruptcy

Real estate is a valuable asset of which a court can take control to sell and obtain funds to pay off debts. Property owners who are experiencing financial issues are often motivated, willing to consider selling their homes at discounts to liquidate equity and avoid bankruptcy. And the payoff(s) for a savvy buyer and/or investor can be huge.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach the court appointed receiver / trustee to pursue your deal.

Contact the bankruptcy trustee to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.

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Chesapeake Trl
Columbia, IL 62236

3 Beds 2,130 sq. ft.

$301,007 EMV

Status: Active Listing ID: 56559186

Property Information

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Public Records

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Property Description

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