Looking For a Little Help On a Short Sale

Sorry I can't help - sounds like a bad situation.  I just closed a short sale today that was a bit tough, too, but no bankruptcy  Good luck!

Ralph & Susan,

Sorry too, I'm absolutely no help either. A couple of agents in my office are Wells approved for foreclosures, obviously different from short sales.

However, you may want to check on the laws of your state to see what impact the bk will have (if any) in your process, especially if there is a foreclosure in the works. In my state of CA it will cause a delay (the bk itself) not stop, yet a delay the process.

It seems like although short sales do take place, however so few of ours seem to be approved that I'm not sure they are worth pursuing unless the buyers have a great deal of patience.

I hope you hear from someone here who can help, good luck!

I am no help either. I am trying to understand how this work. I called the attorney and asked if bankruptcy would affect short sale. The answer was "yes". As far as I understand, there is not short sale if there is the bankruptcy filed.

Is this the way it works?

Ralph, Just wanted to say I am so sorry that this has been such a frustrating situation for you. I know at this point you must be so concerned about helping your client avoid a bankruptcy. Good luck with this and I hoep you are finally able to find who you need to speak with to get things moving.