Short Sales and Bankruptcy
You may find yourself in such a poor financial state that it is recommended that you file bankruptcy. What many people do not realize is that even though you " go bankrupt ", you still own your house when the bankruptcy is complete.
Through bankruptcy, most of the time your debt to the lender will be discharged and they will not be able to attempt to collect any debt from you. Even though they can not collect the debt or any money from you, they can still collect the collateral...YOUR HOUSE! The only way for them to do that is through foreclosure.
Your only option to no longer own your house is to sell it. Even though you have gone bankrupt, your lender will still be willing to approve a short sale or a deed in lieu of foreclosure for you so you can avoid foreclosure.
For more information about short selling your home even if you have filed bankruptcy, please contact me for a private consultation.
My team and I have successfully completed short sales in every county in Connecticut with the following lenders:
Bank of America, Countrywide, GMAC, Homecomings Financial, JP Morgan Chase, WAMU, Citi, Citimortgage, Wells Fargo, Wachovia, AHMSI, Indy Mac Mortgage Services, One West Bank, Ocwen, Specialized Loan Servicing (SLS), Carrington Mortgage Services, Provident Funding, Navy Federal Credit Union, Nationstar, Greentree, US Bank, SunTrust, Aurora Loan Services, CCO Mortgage, Midland Mortgage, FHA, VA, Fannie Mae, Freddie Mac, CHFA, CHIF, and HAFA.