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I had this--YES, I needed something from the TRUSTEE showing that the BK had been discharged . . . help?
Correct; if your client is involve in any of the chapters the lenders cannot proceed with the foreclosure or any collection until the bankruptcy process is completed, but the property can be excluded from the bankruptcy so the lender can move forward with the short sale.
Mayra, Is correct. The property can be released from the BK to allow the seller to move forward with the short sale. The creditors have no interest at all in the property since it is in a negative position. The Trustee and/or courts can have it removed.
Mayra Espinosa said:Correct; if your client is involve in any of the chapters the lenders cannot proceed with the foreclosure or any collection until the bankruptcy process is completed, but the property can be excluded from the bankruptcy so the lender can move forward with the short sale.
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