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Updated over 13 years ago on . Most recent reply
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Owner filed for bankruptcy. Short Sale still possible?
If an owner files for bankruptcy can they still do a short sale on a property? I've run into owners who say they have filed for bankruptcy and are protected from the bankscoming after them. I never have an answer for that response. i would love to say "no worries. We can still short sale the property"
Most Popular Reply
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You can do a short sale after a bankruptcy is DISCHARGED, provided the asset wasn't surrendered.
When a homeowner says they can't come after me, it means the lender cannot pursue the homeowner for the deficiency if it forecloses.