Chapter 7 Trustee Selects Real Estate Agent

April 30th, 2013 / thebigboss / 0 comments

Why can the Chapter 7 Trustee Select the Real Estate Agent?  Many people going through a chapter 7 that own a house that they are surrendering may find that the Trustee assigned to their case wants to try and short sell the property. If they can negotiate a carveout of money in the transaction with the mortgage companies then there are funds that can be applied to the debtor’s unsecured creditor class.  Chapter 7 Trustee Selects Real Estate Agent. To understand why the Trustee gets to select the real estate agent, you have to understand that when a debtor files  [ Read More ]