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Re: Re-activate listing before or after appraisal?

Posted by Tom on March 24, 2008 at 1:03 PM

In Reply to: Re-activate listing before or after appraisal? posted by Jennifer - FL on March 24, 2008 at 12:09 AM

This whole episode gets screwier and screwier. Part of it is getting the info in piecemeal fashion, and part not knowing the sequence of events in the court proceedings. CW should already have had the house reappraised, but it's proprietary info. I'm puzzled by the equity question statement. If you have equity, you sell if you can, and retain any equity after all the closing costs. You would have been better off using a good BK atty for your filing, but it's too late for that now. Given what's known and assuming the foreclosure/SS proceedings directly follow the BK, it should be immaterial whether it's a foreclosure or SS on your credit record. The most serious credit rating event was the BK and I don't believe the events are cumulative, unless perhaps a certain amount of time has transpired in between times. This whole process should have been planned out before a taking BK and a good atty could have helped you do it.




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