Posted by TSSP on April 01, 2006 at 09:29:38:
The bankruptcy could serve to discharge the mortgagor’s personal responsibility to repay the loan, but a mortgagee approved, preforeclosure shortsale isn’t possible unless/until the Trustee formally abandons its interest in the property.
Short sale and Bankruptcy - Posted by HC
Posted by HC on March 31, 2006 at 19:59:14:
Hi All
We are trying to do a SS in North Carolina. House has no equity, we just found out that the owner is going to file for bankruptcy next week. Should we drop it, or is ther still a chance of making it work.
HC