is the trustee also allowed to buy the property ? we are in new york state
i'm concerned they are planning on outbidding me on my offer
From the LawyerCentral forum archive. Originally posted 24 June 2012 on a legal forum that has closed. Names and contact details were removed. See the original (Internet Archive).
Bankruptcy trustees do not buy and sell properties. They do have lists of short sellers, or acknowledge a willing foreclosure. Foreclosures are done through foreclosure auctions and short sales are done through listings. There is never a guarantee you will not be outbid, anyone with cash can show up to bid on a foreclosure.
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