Will Chase Offer Incentive if Seller Files Bankruptcy

Just curious. I have a seller who has a chase loan that we're attempting to do a short sell on. Does anybody know if their decision to offer an incentive would be impacted is she filed a BK? She's really hurting financially and trying to get from under it all. She's going to pull the trigger on the BK tomorrow so any insight would be much appreciated.

Thanks!

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Permalink Reply by Steele V. Propp on April 25, 2012 at 12:43am

Agreed. Not an attorney but the BK stops the shortsale dead in its tracks.

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Permalink Reply by Glenda Brass on April 25, 2012 at 5:40am

Bummer. We may need to rethink that because we do want to do the short sale now. I do appreciate all the advise. this is a great forum!

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