My research is telling me that if they file for bankruptcy it can kill the short-sale because the short-sale falls into the category of a "collections activity". In a bankruptcy, all collections must stop until the court approves them or the bankruptcy is discharged.
Perhaps someone with some real expertise can confirm if I got that right?
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My research is telling me that if they file for bankruptcy it can kill the short-sale because the short-sale falls into the category of a "collections activity". In a bankruptcy, all collections must stop until the court approves them or the bankruptcy is discharged.
Perhaps someone with some real expertise can confirm if I got that right?