Can you file a bankcruptcy in the middle of the short sale process?

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Can you file a bankcruptcy in the middle of the short sale process?

Asked on November 4, 2012 under Bankruptcy Law, California

Answers:

Timothy Trott / Law office of Timothy J. Trott

Answered 8 years ago | Contributor

Yes. But be sure to be careful as to which chapter you are considering. This will depend on whether you want to try to keep the house (Chapter13) or walk away (Chapter 7). In either case, once you file, all actions (short sale or sheriff sale) on the house must cease.

Tim


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