Asked by Kim, Danville, CA • Wed Dec 4, 2013
We have made an offer on a short sale and the seller has accepted the offer. However, less than two weeks after accepting the offer the seller filed Chapter 13 bankruptcy. We were told that the short sale can move forward once the bankruptcy is confirmed by the court. Now the sellerâ€™s bankruptcy has been confirmed and we want to continue to move forward with the short sale. But the sellerâ€™s agent has difficulty to get all necessary documents from the seller to move the short sale forward â€“My questions are (1) who is paying the commission? (2) What can we do to get the short sale to move forward? We have been waiting for 6 months. Since then the house prices have been going up. By the way: (1)Our buyer agent has communicated with the seller bankruptcy lawyer. The lawyer is aware of that we were waiting the bankruptcy confirmation to move the short sale forward.(2)There is a clause in the contract. If the seller files bankruptcy, they need to petition the court to exclude the house
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