Toni blount's Blog – December 2012 Archive (1)

Chapter 7 BK short sale?

Seller filed Chap 7 Bankruptcy & is fully discharged. Trustee removed seller's primary residence & investment property from BK filing stating "Chapter 7 Trustee has abandoned his interest in the properties."
Both properties are underwater. He has decided to keep his primary res & wants to do a short sale on the investment property that has 2 loans, 1st Chase, 2nd PNC HELOC. Can I move forward with short sale?

Added by toni blount on December 4, 2012 at 12:57pm — No Comments

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