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I have been approved for short sale program with Chase and HUD. Can I still file chapter 7 while the

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March 24 2012 - Jonesboro
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Answers (3)

Once you file a chapter 7 that will typically stop the short sale process cold.

However you can petition the trustee to release the house from the bankruptcy and allow it to sell through the short sale process with your lender.  Since your home is under water (assuming this is a fact given the short sale) then there will be no money to be gained from the sale of your house.

I am not an attorney giving advice, and bankruptcy laws may vary from state to state.  To be sure of all the facts it is always best to contact a local professional.


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March 24 2012
Ygor said it all!  If you file for chapter 7 your credit will not permit you from purchasing a home.  As a matter of fact.....I am surprised that your credit is solid enough to purchase this home...?  just sayjng....
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March 24 2012
You need finished you short sale before filing chapter 7. At the minute you file all previos agreements will be void.
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March 24 2012
 
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I have been approved for short sale program with Chase and HUD. Can I still file chapter 7 while the
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