Asked by Bill Gross, Los Angeles, CA • Mon May 24, 2010
I am a real estate agent with a prospective client in Chap 7 bankruptcy and losing her house which is way over-encumbered. What legal risks, if any, does she face by listing the house and trying to sell it short after the BK clears. Reasons she may be better off with a short sale would be possible cash for keys compensation, shorted negative credit period, and input into the ultimate buyer of the property in a community where she knows many of the neighbors.
Real Estate in Los Angeles
Popular Categories in Los Angeles
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!