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