Posted on: 06th Jun, 2009 09:29 pm
I recently filed a personal bankrupcy due to losing my business. (chapter 7) I did not try to reaffirm my mortgage. My mortgage company recently accepted a short sale offer on my home. My question is do I have a forcloseure on my record because of the bankrupcy or does a forclosure only occurr as a result of an auctioning of the property?
Hi edp
You have mentioned that your lender has accepted a short sale offer. In such a situation, the question of foreclosure does not arise. However, the short sale will be mentioned in your credit report.
Thanks.
You have mentioned that your lender has accepted a short sale offer. In such a situation, the question of foreclosure does not arise. However, the short sale will be mentioned in your credit report.
Thanks.
edp715,
Your personal bankrupcy and the short sale will show up on your credit report. They woudl have takne a big hit on your credit report already.
Good luck and feel free to ask.
Your personal bankrupcy and the short sale will show up on your credit report. They woudl have takne a big hit on your credit report already.
Good luck and feel free to ask.