What are the different types of bankruptcy?

However, in this current real estate market, some banks/lenders are not exercising their foreclosure rights and instead have opted for either “loan ... A short sale is a situation where a homeowner is unable to continue making their mortgage payment and must sell their property when the balance of the mortgage ... A short sale can be a viable alternative to a foreclosure for debtors with nonrecourse debt and who qualify for certain exclusions. Be aware, however, that the ... Nov 30, 2011 ... A taxpayer other than a C corporation may exclude a discharge of qualified real property business indebtedness from income. Aug 31, 2022 ... Short sales are a legal sale of a property when a property owner sells the property for less than the amount owed on the mortgage associated ... Apr 1, 2025 ... A short sale is where a homeowner sells their home for less than the amount they owe on their mortgage, with lender approval, to avoid ... Jul 23, 2021 ... A short sale in commercial real estate occurs when a borrower sells their property “at a price below the amount outstanding on an existing ... "Flopping" happens when a short sale lender approves a short sale based on a misrepresentation of the property's value. In a typical flopping fraud, the ... Feb 23, 2024 ... A short sale in real estate happens when the borrower can't cover their mortgage payments and has to sell their home for less than what they owe ... Jul 31, 2015 ... Short sales are an option for homeowners who are underwater on their mortgage to sell their property, and to avoid going into foreclosure.