Short Sale After Chapter 7 Discharge?

[atxlivin]

Hi, we have just received our Chapter 7 Discharge () and surrendered our home in the Chapter 7. The Lender was granted a motion to lift during our filing but has not foreclosed yet. Our house has been on the market the whole time and we just received a good offer on the house that would be a short sale but not far off the total amount owed the lender.

Does anyone know how willing the lender (SunTrust) will be to work on this offer at this point or do they maybe just go ahead and foreclose?

Is it worth my time to try and get them to do a short sale which will of course just drag out the time we still technically own the house and have to continue paying insurance, maintenance, etc....?

Your thoughts are greatly appreciated!

[killinstinct]

I'm curious on this as well, in the same situation (I have 2 loans, however).

[HHM]

You can always try. THere is no legal barrier to the lender accepting a short sale. Whether they will want to go through a short sale process with a discharged mortgage is hard to say. My guess is, probably not, but no harm in asking. At the same time, you don't really get a benefit from the Short Sale vs a Foreclosure.

[atxlivin]

HHM thanks for the feedback.