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The reason is because a home mortgage short sale after filing chapter 7 bankruptcy rarely makes sense. When I ask clients why they want to short sale their house after filing bankruptcy, the response I usually get back makes clear that the debtor does not fully understand the ramifications of their bankruptcy filing and the relief it afforded.

A mortgage short sale is the sale of a property by a financially distressed borrower for less than the outstanding mortgage balance due where the proceeds from the sale will be used to repay the.

A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a. The agent will also be able to find out information not readily available to the buyer, such as. Get legal help with financial matters GET STARTED.

Because a short sale results in a sales price that is short of the full debt amount, the difference between the total debt and the sale price is the "deficiency." Example. In our example above, the lender agreed to let the homeowner sell the property for $150,000, but the total debt was $200,000.

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The short sale completion time often is due to the particular lender involved and the complexity of the short sale. Things like the number of lien holders, liens against the property and private mortgage insurance can all be factors in whether a short sale will take extra time.

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Ytech buys Brickell building from Taplin, settles claims in $50M deal The 100,762-square-foot building was sold by the Taplin Co., a. Ytech buys Brickell building from Taplin, settles claims in $50M deal. Last fall, New York developer Shahab Karmely settled a lawsuit with Taplin over a deal to buy an 80 percent interest in the building that went south.

I live in a house that I rent from my father who recently passed away after a long fight with leukemia. It’s a great house and I love living here, butI live in a house that I rent from my father who recently passed away after a long fight with leukemia.. Negotiate a short sale after family.

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