What are my liabilities or risks if I buy home from that is/was owned by someone filing/in bankruptcy in Utah?

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tythefatman asked:


I am looking into possibly buying a home that was onwed by someone in Bankruptcy. I assume that by the time I get the chance to buy the house it would be controlled by the state of someone. What, if anything am I liable for if I were to buy it? Where can I research to find those answers? I am based in Utah, are there any special rules for my state?

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One Comment

  1. joseph_mahal
    Posted October 26, 2008 at 1:53 am | Permalink

    The home if the home if the title is transferrable to you can limit your ernest money and get your risks by making sure the ernest back.
    The inspection turns up anything serious you can limit your risks by making sure the inspection and by having general contractor inspect the title.