Some common questions:
What if I have already filed bankruptcy?
Just because you have already filed bankruptcy does not mean
that you cannot do a short sale. Most "professionals" do not want to
do a short sale because of the amount of work and time associated with it. As
mentioned before the last thing you want is a foreclosure and bankruptcy on
your credit. Bankruptcy may cure your debt and liabilities but it will not save
your credit. Depending on if you file for a chapter 7 or 13 bankruptcy you can
still do a short sale, there is just more paperwork involved and it will take a
bit longer to complete.
What about property taxes I did not pay?
They get paid at closing from the lender since title has to
be free and clear when transferred to a new buyer.
Are all short sales accepted?
If the lender believes they will net more money for your
property through a short sale vs. taking the property back then they will most
likely accept the offer. Many lenders are encouraging them vs. taking the
property back. It is in the lenders best interest in all cases to accept a
short sale vs. foreclose on the property.
We are READY TO HELP!
