How To Do A Shortsale In Bankruptcy
What are the mechanics of buying a shortsale when it has gone from foreclosure to into bankruptcy? Where would I find this information.
Randall
What are the mechanics of buying a shortsale when it has gone from foreclosure to into bankruptcy? Where would I find this information.
Randall
I'm sure someone know more here but I think the trustee handeling the bankruptcy is in charge of the title and you'll need his/her permission to close. Other than that I believe that the SS process is the same.
I hope others will respond as I'd like to fill in the gaps as well.
yep.
You need the Trustee to "abandon" the property. (meaning the property reverts back to the Debtor who can then transfer it.
Easy.
happens all the time.
Thanks!
THat helps a lot!