Bankruptcy Trustee Auctions with Xome®
What is a Bankruptcy Trustee Property?
Bankruptcy trustee properties are managed by trustees who handle the details when a homeowner files for bankruptcy. During a bankruptcy proceeding, the trustee can decide to market and sell the property in order to pay creditors.
Why Buyers Should Consider Bankruptcy Trustee Properties
Properties in bankruptcy offer homebuyers and investors a few unique opportunities. Trustees work directly with Xome to handle all the details around the transaction, like showings, photos, and even evictions. Plus, they are highly motivated to sell at auction — buyers have the chance to get a great deal, more quickly and with less stress than a traditional purchase.
Other Benefits of Bankruptcy Trustee Properties for Potential Buyers
- There are no liens or encumbrances on the property, which adds peace of mind.
- Buyers can access the property for viewings or inspections, even if it's occupied.
- Financing options may be available.
