How To Do A Shortsale In Bankruptcy

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What are the mechanics of buying a shortsale when it has gone from foreclosure to into bankruptcy? Where would I find this information. Randall

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  • myfrogger25th March, 2004
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    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.

  • Utah_Bkatty28th March, 2004
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    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.

  • Stockpro9929th March, 2004
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    Reply

    Thanks!

    THat helps a lot!

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