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short sale in bankruptcy

Posted by Question on June 03, 2009 at 3:39 PM

Client went bankrupt and a mortgage debt has just been discharged. Client's name is
in title and he is in possession of the property. No foreclosure is scheduled. Can a
short sale still be done? Is it ok for client to hire a realtor to list the property for a
short sale? I believe the benefit for client would be that he can get a loan in 2 years as
of 5 years if he forecloses. Any comments will be appreciated. Thanks.


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