December 22, 2008

Bankruptcy Short Sale Negotiation

Filed under: Bankruptcy,Short Sale

Will banks negotiate or even consider a short sale while the owner is in bankruptcy?  Do they need to be released from bankruptcy first before beginning the short sale process?  Your site is super informative…thank you.

Tami in Phoenix

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Hi Tami in Phoenix,

Yes, either the bankruptcy needs to be discharged or the asset needs to be released.

Read: Short Sale Bankruptcy

Thanks for the questions and hope this helps.

Paul

This author is not an attorney and this information should not be considered legal advice.  Please consult an attorney for legal advice.

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