If the bankruptcy has not been officially "closed" then it will affect a short sale.

. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ http://www.iht.com/articles/2008/09/07/business/fannie.php The U.S. government's planned takeover of Fannie Mae and Freddie Mac came together hurriedly after advisers poring over the companies' books for the Treasury Department concluded that Freddie's accounting methods had overstated its capital cushion, according to regulatory officials briefed on the matter.

That's the first official step.

Friday September 5th 2008 Fannie issued an announcement pertaining to what most of us expected was coming. This has been a topic misunderstood by many investors and even mortgage brokers. Over the last several months ...

It said that "the collective efforts of servicers and government officials to date have not translated into meaningful improvement in foreclosure prevention outcomes."

Government officials who promoted social engineering through their homeownership initiative that was designed to move minorities and the poor into being homeowners.

We are a representative public and the elected officials should not govern by polls and what the majority wants at any given moment.

You can also contact the Louisiana Real Estate Commission for information on the official rules, regulations and laws.

You just need to make it painful enough for the city officials that they give in.

Also, on your end you will want to file a notice of option with the county...this will make your option to purchase official.