MY SELLER-OWNER FILED BANKRUTPCY CHAPTER 7 CAN I STILL SHORT SALE THE PROPERTY?

MY SELLER-OWNER FILED BANKRUTPCY CHAPTER 7 AND SHE HAS INCLUDED THE HOUSE IN THE BANKRPUTCY, CAN I STILL SHORT SALE THE PROPERTY?

Views: 178

▶ Reply to This

Replies to This Discussion

Permalink Reply by Trong Dang on June 22, 2012 at 7:35am

Yes, she can either wait to be discharged from the BK or ask the judge to grant a Motion to Sell in a Chapter 13 or a Motion to Abandon Property in a Chapter 7.

Permalink Reply by wally pelaez on June 22, 2012 at 10:23am

THANK YOU TRONG DANG.

Permalink Reply by Rita Cox on June 24, 2012 at 1:46am

Do you know what happens to a second mortgage or HOA liens if they were included in the bankruptcy? Do they go away in a short sale?

Permalink Reply by Johanna Devon on June 25, 2012 at 10:09am

Sure he can..even if he didn't reaffirm.. He still owns the house..he is now in a much better position.  The bank either agrees to the short sale or they will own it.  Second..if there is one..is really out of luck..they get what they get..

Love those cases...

Bank is in the trunk and the seller is in the driver's seat.

JD

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************