M:

I am glad you are active in Short Sales.  From what you ask me I understand the property has entered as stay.  The short answer is "motion for relief from stay".  Short Sales A-Z Online Video Course has a chapter dedicated to this subject.  Here is the link.  http://www.bestshortsales.com/courses.html/ss-content/ss-drilldown-1/chapter-thirteen.html/ .

Oscar


At 03:14 PM 9/10/2008, you wrote:

Message: Question:

I was about to close a shortsale but 2 days before closing, the Seller filed for BK 7 in the State of California. The closing has been held up. There are 2 loans involved - first and second short payoff lenders.

What specific document must the Seller and her attorney file at the BK Court to make this transaction close? Thank you.

 

Oscar Morante   
www.bestshortsales.com          
oscar@bestshortsales.com
Ph: 971-222-3734
Fx: 503-296-5663
9220 SW Barbur Blvd.
Suite 119 - #159
Portland, Or 97219

 
Posted by Oscar Morante on 09/10/2008 05:42 PM   Comments (0)   Short Sales in the ActiveRain Channel   short sale course, short sales, preforeclosure, nod, preforeclosure leads  
Post is included in group: Pre-foreclosure Market
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Oscar Morante

Portland, OR

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Best Short Sales

Office Phone: (971) 222-3734

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Oscar Morante, Realtor and Short Sale expert interacts with all individuals seeking more knowledge in this fascinating field. The more you learn, the more you earn. Short sales is where most of the business is at. Sure it is a bit more work, but if you are good opportiny is abundant. Learn everything about short sales.


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