We put our house up for sale and got an offer in one week. My realtor uses a third party short sale company to submit the short sale package to the lender. PNC mortgage, our lender wouldn't accept the package. They said they can't accept any documents until the BK is discharged. Our discharge is somewhere around July 11. That sucks! Anyone ever had this happen or heard of this happening?
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with that being said: we also plan on listing our home as a short sale once our CH 7 discharge is final in July. Will the 1st & 2nd mortgage holders give us grief and screw us around or will they just take what they can get and release the liens and get the property sold??Stopped paying c. cards February 2009
Retained attorney 11/5/09 - $100k in C.Card debt - $120000 per year income - Filed Feb 2010 - 341 Apr 2010 - No Asset Case/Report of No Dist Apr 2010 - Discharged June 2010
Case went without a hitch! I HELD MY HEAD HIGH IN THAT COURTROOM AND NOW I AM MOVING ON!
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Originally posted by calgirl67 View Postwith that being said: we also plan on listing our home as a short sale once our CH 7 discharge is final in July. Will the 1st & 2nd mortgage holders give us grief and screw us around or will they just take what they can get and release the liens and get the property sold??
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yes I would think a CH 7 BK is a hardship.. one wouldn't file unless you were in hardship!!
I would think that the lenders would not give us too much trouble accepting a short sale - their ONLY other solution is a foreclosure and they always go on about them not wanting to take possession of the house, legal fees to forelclose, etc.
BUT who knows, the banks do not seem to do anything LOGICAL.Stopped paying c. cards February 2009
Retained attorney 11/5/09 - $100k in C.Card debt - $120000 per year income - Filed Feb 2010 - 341 Apr 2010 - No Asset Case/Report of No Dist Apr 2010 - Discharged June 2010
Case went without a hitch! I HELD MY HEAD HIGH IN THAT COURTROOM AND NOW I AM MOVING ON!
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