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Although we are not attorneys, we have been involved with many foreclosures where homeowners elected to file bankruptcy. In most cases the filing is a result of not being able to close on a sale, and is done in order to protect a homeowner’s equity in a property. Although this creates additional expenses, it does halt the foreclosure sale, and will still provide a homeowner the ability to sell their property with or without the Trustees permission. Merely dismissing the case will allow for a home owner to sell their property without having to go through the court to do so.
This can be a useful option if there is considerable equity in the property and all that is needed is just a little more time to get to closing.
As Real Estate Professional with Metro Brokers and RE/MAX, we have worked with hundreds of homeowners facing similar situations. Our expertise in the areas of Short Sales and Foreclosures will provide strategies that will increase the probability of a successful outcome. And our ready supply of well qualified cash buyers and legal team partners will insure that we get to closing.
We understand that this is an awkward and undesirable situation; however we can assure you that as your Broker it will be handled with the utmost sensitivity and confidentiality. Please feel free to call or email us to arrange a personal meeting. 770-623-3313 or VanPurser@VanPurser.com