_consented-sale-vs-short-sale.jpg "Consented Sale vs. Short Sale from big document holder Video Screenshot Preview")
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⏲ Duration: 1 min 65 sec
✓ Published: 02-Apr-2020
✓ Published: 02-Apr-2020
Description:
There is a lot of confusion in the Chapter 7 space about the difference between a short sale in bankruptcy and a Consented Sale. nnMany trustees state that their local judges or UST frowns upon short sales. There are several reasons for this which vary from district to district. nnHowever, a consented sale is part of the legal process that adheres to Section 363 of the bankruptcy code. nnFrom a real estate perspective the sale of an over-encumbered property is referred to as a short sale. Howeve
There is a lot of confusion in the Chapter 7 space about the difference between a short sale in bankruptcy and a Consented Sale. nnMany trustees state that their local judges or UST frowns upon short sales. There are several reasons for this which vary from district to district. nnHowever, a consented sale is part of the legal process that adheres to Section 363 of the bankruptcy code. nnFrom a real estate perspective the sale of an over-encumbered property is referred to as a short sale. Howeve
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