Chapter 7 Trustee Selects Real Estate Agent
April 30th, 2013

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 ]