Tag archive for ‘short sale’
Sorry But That’s Not a Short Sale!
by John O'Connor on 8/30/10 | 0 Comment(s)
A few days ago I had a conversation with a realtor friend about the state of the housing market. Inevitably, the subject of short sales came up. My friend said that while overall sales continue to be slow, he has seen quite a few “short sales” recently. This peeked my interest and we got to [...]
Why you need to file bankruptcy. . .
by Jay Jump on 3/04/10 | 5 Comment(s)
You can villify me later. For now, I need you to read and get some perspective. Pay attention because we’re going to move fast. You need to file for bankruptcy. Let me say it again for those of you who are still shaking your head. YOU NEED to file for bankruptcy! There, I gave you [...]
Does Filing for Bankruptcy Allow Me to Walk Away From an Underwater Home?
by John O'Connor on 1/10/10 | 2 Comment(s)
In a word, yes. Filing for bankruptcy allows the opportunity to surrender cars and real estate with no continuing obligation. North Carolina hasn’t been as hard hit as other states in the current housing crisis, however, I still meet with clients all the time who owe more than their homes are worth and can’t find [...]
I’ve decided to file for bankruptcy, do I need to go through with my short sale?
by John O'Connor on 11/20/09 | 2 Comment(s)
The benefit of continuing with a short sale after you’ve decided to file for bankruptcy will hinge on the type of bankruptcy you plan on filing. If you have decided to file for chapter 7 bankruptcy and are currently trying to sell a home via short sale, there is no reason to continue with the [...]
