Maxwell McDaniel and Dan Blasingame discuss how bankruptcy impacts a short sale and foreclosure. Most people tend to believe that filing bankruptcy will stop a lender from foreclosing on your home. That is true, but only for a short period. Once the bankruptcy is dismissed, the foreclosure procedures can move forward again. So, the net is, if you're in a situation where you will have to file bankruptcy, make sure you do it AFTER you complete a short sale on your home. http://www.AustinAPlusHomes.com
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