BofA short sale after it's included in a completed bankruptcy?

Hello,

Initiated a BofA short sale, seller has had the property released through their completed bankruptcy.  I have the "Case Closed" document.  Has anybody closed a short sale with this scenario?  They have ordered the BPO at t this point.  Thanks,

Brian

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Replies to This Discussion

Permalink Reply by Ben Racela on January 17, 2012 at 7:17am

yes.  You will need to send the bankruptcy discharge as part of the short sale package.  BofA will still ask for financials from the seller. 

Permalink Reply by Brenda Houghton on January 17, 2012 at 2:56pm

I have closed a few post bankruptcy properties with both BoA and Wells Fargo.  I agree, you will need the bankruptcy release documentation.  The short sale process may take a little longer as the file will need to be reviewed by their bankruptcy department, but other than that, it should proceed as a typical short sale. 

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