Bankruptcy & Real Estate

If you are experiencing financial difficulties, sometimes filing for bankruptcy is the solution that may best fit your situation. Before you feel like all hope is lost due to financial issues or a pile of debt, get some advice from some local attorneys on how you can get a fresh start. Filing for bankruptcy may or may not be the best solution for you.

What does bankruptcy have to do with real estate? 

During the bankruptcy process, a home could possibly need to be sold, but not always. Speaking to an experienced attorney can help you determine if it is in your best interest to sell your home. If you need to sell, an seasoned agent such as Aimee Ness can step up to help. With sensitivity to the situation, she can get your home on the market and negotiate the best possible deal for you.

Experience With Bankruptcy Sales

Having an experienced agent on your side is important when selling a home due to bankruptcy. Not only being able to price the home properly, and setting realistic expectations, but actually being able to negotiate a timely sale is key. Due to the home needing court approval to accept an offer means adding timeframes to offers that will keep contracts in place. Having an agent who knows the ins and outs of these documents will ensure a more timely sale, with fewer setbacks.

Communication During A Bankruptcy Sale

Bankruptcy real estate sales have many moving parts and communication is of the utmost importance to get a sale to the closing table. Communication with attorneys, sellers and other third parties, such as lenders and other agents will need to be continuous to keep everything on track for the seller. The Aimee Ness Realty Group has systems in place to make sure no ball is ever dropped and to keep the sale moving forward. We can be sure all status updates, offers and other information is relayed appropriately.

Documentation For A Bankruptcy Sale

As you can imagine additional documentation is needed for the sale of a home involved in bankruptcy. Aimee Ness has a system in place to make sure all documents are filed properly and never lost. This system also allows for electronic signatures to facilitate the signing of documents and the sharing of documents with appropriate parties in a timely manner.

The home is for sale, now what? 

Once all the documents have been signed by the appropriate people the home is ready to be on the market. At this point the public has access to the information and photos of your home. It is important to keep your home in “show ready” condition as best as possible. However, this is your home, and you live there and people understand. If the home is empty, Aimee Ness can give you some pointers about how to stage the rooms to highlight the property’s features.

Resources For A Bankruptcy Sale: 

Local Bankruptcy Attorneys:

Kimberly Wright – Kimberly Wright Law – 765-742-7259

Ashley A Federer – Federer Law Office, PC – 765-420-8900

Perez & Perez Bankruptcy – 765-588-5080

O’Brien & Dekker Attorneys At Law – 765-400-2308

Chosnek Law P.C. – 765-742-9081

Coping With Moving Stress and Anxiety

Working through a bankruptcy is extremely stressful, and if you have to move it compounds the stress even further. Aimee Ness with the Aimee Ness Realty Group can help you cope and even reduce the stress of moving. We have systems in place to help keep your move on track and keep your stress levels low.

Coping with Stress from Bankruptcy

Here are five steps to help you cope with the stress of Bankruptcy.

  1. Acknowledge that you are going to file for Bankruptcy. Know that it is a solution to your financial burden and not a sign of weakness or failure. It is a way to get a fresh start.
  2.  Maintain a routine to keep your body healthy. Start exercising or eating better. Focus on something you can do to maintain your health.
  3. Talk with friends or family that can be a support system for you. Try to avoid toxic individuals that will not show strength and support for you. Trying to hide a bankruptcy will only add more stress to your life.
  4. Talk to a therapist. If you are feeling overwhelmed, depressed or just unable to cope, talk to someone that can help.
  5. Develop a financial plan. This can be done while speaking to your attorney or even employing the help from a financial planner. Several financial planners make their services available for free through different services.

For current market information for your Lafayette and West Lafayette communities or a free consultation, contact The Aimee Ness Realty Group Lafayette Indiana. Our team with over 10 years of local experience, has your back to find your dream home, or sell your current home.

Check out this article next

Recycling In Lafayette, IN

Recycling In Lafayette, IN…

Lafayette, IN has many recycling options and here is how you can get involved! Read below to learn how to recycle, where to drop off…

Read Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.