Whether you're settling debts before you file or selling an asset as part of your case, a clean cash sale can help you move toward a fresh start. We buy homes as-is for cash and work on your, and your attorney's and trustee's, timeline.
Fair Value Investments is a private real-estate investor buying for our own account. We are not a broker, lender, attorney, or government agency, and we charge no fee to make an offer.
Tell us whether a case is open, and let your bankruptcy attorney know you are exploring a sale. We will share our figures with them directly.
A clear number on paper gives your attorney and, in an open case, the trustee something concrete to evaluate.
In an open case the sale waits for whatever the case requires, which your attorney arranges. The title company closes only when that is in place.
A house can be the biggest, hardest asset to deal with in a bankruptcy. Selling it for a fair cash price can help settle what's owed and let you move forward. We are buyers, not attorneys, so we work alongside your bankruptcy attorney and, where a case is filed, the trustee and the court, and we're happy to coordinate with them directly.
Bankruptcy is federal, so it runs through a different court system from foreclosure or tax matters. Cases from this area are filed in the U.S. Bankruptcy Court for the Northern District of Illinois, which has offices in Chicago and Rockford. Its website has the case locator and the local rules your attorney works under. The federal judiciary's bankruptcy basics explain the chapters in plain terms.
Filing a bankruptcy case creates a bankruptcy estate, and the house is generally part of it. That has real consequences for a sale:
The practical result for any buyer: in an open case, a closing waits until the owner's attorney confirms that what the case requires is in place, and the title company will insist on seeing it.
At closing, the mortgage and recorded liens are paid from the sale proceeds through the title company, the same as in any sale. In a bankruptcy, the question of who receives what is left after those payoffs is decided within the case and its exemptions, so the net figure your attorney cares about may differ from the net figure on a simple sale sheet. We are glad to put our numbers in whatever form helps your attorney run that analysis.
Sometimes the better answer is not a sale at all, or it is a sale the trustee handles. We are buyers, not advisors, and we will not tell you which chapter to file or whether to sell. What we can do is give a firm, written cash figure quickly, so the people advising you can compare it with the other paths. Our pricing explainer shows how we build that number.
Comparable sales, minus itemized costs, next to what listing would likely net. See how we price a home →
No repairs, no fee, no obligation. See the number, then decide.