Legal Question in Bankruptcy in Florida
Foreclosure and Bankrupcy
Can you continue to work on mitigation of a mortgage even if you are in the process of filing bankrupcy
Asked on 5/06/09, 6:12 pm
1 Answer from Attorneys
Michael Snytkin
Azam Snytkin, P.A.
Re: Foreclosure and Bankrupcy
Yes, if you are trying to do a short sale or trying to save on the property, mitigation is recommended even if you are in the process of filing bankruptcy. Once you file bankruptcy, you may still be able to mitigate, however, if you are the debtor than the creditors are usually hesistant to mitigate while there is an ongoing chapter 7 bankruptcy.
Answered on 5/06/09, 7:18 pm
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