Short Sales & Bankruptcy Advice

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: < 1 minute

Dave Gormley discusses short sales, bankruptcy, taxes and more with Southern California Realtor Connor MacIvor. There are several things that you should watch out for when approaching anyone when wanting to short sale a residence. What type of loan do you have? Was all the money borrowed used on the primary residence? Have you taken out money to...

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The Next Steps In A Chapter 7

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 2 minutes

Chapter 7 Step 6 – Waiting: After the meeting, the Trustee and the creditors have 80 days to object to your right to a discharge. This does not usually happen, as long as your bankruptcy petition is accurate. Your attorney will handle it if it does happen. Typically, the only extra step may be reaffirmation...

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