Asked by Cavine, Bel Air, MD • Mon Jan 28, 2013
Declared Chapter 7 in 2008. Home is listed as discharged Chapter 7 on my credit report. After notifying the bank I could no longer afford to stay there ( they screwed me on HAMP). The attorney I had at the time offered a Deed In Lieu but the bank never responded. I was served foreclosure papers, but they never followed through. A realtor friend suggested I list it as a Short Sale and suggested an attorney to represent me. 2 years and 7 contracts later, the house is still in my name, yet the bank makes no effort to foreclose. The last contract was killed by the potential buyer 1/14/13. He waited patiently for 8 months for the bank to make a decision. It was the bank who set the asking price and he came in at full price. Just as we thought we were ready to close, the bank decided to up the price $9,000. The buyer then killed the contract. Now I don't know if I should keep it on the market as a Short Sale or take it off the market.
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