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What are our chances now to close this Short Sale deal?

Seller accepted our offer in Mar. Bank (WF) approved seller for short sale, appraisal order and completed late Apr. Seller filed bankruptcy, vacated the house, and signed lien to WF. Seller's agent is still positive that the deal will close. Has anyone run into this?
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June 16 2012 - Vancouver
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I dont see asny reason why it wont close but because of the bankruptcy the deal might take a little longer than usual. Good luck
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June 16 2012

I would recommend you to talk to your attorney. There is a high chance that there will be no short sale. From what you are telling the property will go for foreclose. The bank can sell the property to you later but there may be different terms.

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June 16 2012
Hi. I am with Homehelper Consultants.  We specialize in short sales and like the last person who answered this, our experience is that the deal will stop.  The reason is that debt will most likely become part of the bankruptcy and therefore nothing can be done until the bankruptcy is discharged. Since I am not a lawyer so I would highly suggest that you contact an attorney with all the details of the case.
 
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June 18 2012
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We have been told that the house was not listed as part of the bankruptcy by the Seller's agent, the issue is confusing
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June 23 2012
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Was now informed that the mortage has now gone into WF liquidation department, and that WF now owns the property. Seller's agent stated that the sale is pending approval of the appraisal. Does this mean it is now in foreclosure and is no longer a short sale. Should we throw in the towel?
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June 23 2012
 
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