"I agree with DANA, every one I have done the lender always asked for the Bankruptcy discharge paperwork. You'll be surprised how fast you get an approval after you supply that. "

"Question:  If a person short sales his house, then files CH13 and includes the deficiency from the short sale in the bk, is the deficiency amount included in the repayment plan?  "

"You need to separate "the bank" from the bank. You have the investor and you have the servicer. The policy for this is set by the investor. FHA, yes, FNMA, no. etc.  Keep their roles in mind.  The servicer (NationStar) is paid to…"

"Yes, with approval from the judge. I work closely with the BK attorney when doing these. So they will lead you in the proper direction and give you the guidance you need to navigate it w/ the courts/banks."

"Hi Cherrie! I am a Preforeclosure/Bankruptcy/Fraud Specialist of 15+ years.  The first thing I suggest is that you ALWAYS include the following stipulation in your offer, as follows: "This offer is contingent upon the final approval…"

"Yes, your listing AND contract should specifically say subject to court approval.    It will most likely take several additional weeks because the court will not approve the short sale without an approval from the lienholder first. Once…"

"The lender will request the property be removed from the BK Estate in order for it to be disposed of.  After that happens, you will be able to proceed."

"Yes Jeff is correct. The bank will need certain documents from the trustee in order to review the short sale and issue an approval. This is such a sore subject with me because we have all tuxes BK attorneys pitching BK and homeowners for some…"

"Cherrie - The seller must disclose his short sale to his attorney and bankruptcy court.  I would not just proceed without full disclosure to all parties."

"Thanks Jeff, you always seem to be helpful and it is appreciated."

"Mike, while I am not a BK attorney and don't have alot of experience, regardless of 7 or 13, there is still a mortgage being held by the lender.  I can't imagine why a BK judge would not allow the short sale.  Maybe someone with…"

"What if a Chapter 7 which has no repayment plan?"

"Yes, the BK judge will need to approve.  I have done several and never had any pushback from the BK judge"