I Want this house but its in Foreclosure

Question

Ok wel i wanted this house that i wanted to buy and the list price was 1,099,000 but it was a short sale i offerd for it 1.1 but the owner refused. Now its under foreclosure becouse him and his wife has gotten loans and not paid, and we think that the owner will file for bankrupsy to prelong his stay in there what should i do? if he files bankrupsy before Foreclosure ends will that effect me in buying this home? and also we think after he files for bankrupsy his wife will also to even more prelong it. I want this home asap im ready to make the offer and evrything what should i do? Just waite till after Foreclosure? and if they file bankrupsy will the bank still be able to sell the house to me?

Answer 1

If he doesn't want to sell to you, there's nothing you can do. A bankruptcy can prolong the foreclosure process by years.  A lawyer I know on the East Coast delayed it for over 7 years.

Answer 2

You'll have to wait or if they some how die.

Answer 3

If you want it today, you pay $1.8Million and move in.  If you wait you get it for half of that.  But you said that you don't want to wait. /