Chapter 13 Properties Opportunities

A little-known niche in real estate investing is working with Chapter 13 Bankruptcy properties that have fallen out of bankruptcy protection.
In case you are unfamiliar, a Chapter 13 Bankruptcy is a personal restructuring bankruptcy, in which a person gets to keep their personal residence, and is committed to a repayment plan for up to 5 years, including all debts, secured and unsecured.
The payment plan is typically about 1.5 times their mortgage payment, so if they have a $1000 per month mortgage payment, the repayment plan amount is usually around $1500, and includes payment toward all their debts.
The problem is, if they weren't able to make their $1000 payment, they probably will become delinquent on their repayment plan.
When they enter bankruptcy protection, a stay is placed on any foreclosure or other creditor proceedings. When they lose bankruptcy protection, the stay is released, and any proceedings pick up where they left off. That includes countdown to foreclosure.
Most people do not declare bankruptcy until they are close to foreclosure, so they typically have 30 days or less before losing their property and no one knows that they are now on the brink of loss. Their only choices are: Lose property to foreclosure, or lose property to Chapter 7 Bankruptcy, unless someone comes along to buy it from them.
To find these properties, use the website www.pacer.gov, and search for "Release of Stay" filings in your area. Then use any methods you can to expedite contacting the sellers, you are likely less than 30 days from them losing the property, and anything you can do to assist is better than the alternatives.