Better to short sell house or forclose before filing ch. 7?
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#1
01-05-2009, 09:05 PM
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Better to short sell house or forclose before filing ch. 7?
I plan on filing ch. 7 in three months. I'm trying to sell my primary residence. The lender has agreed to a short sale, provided they reserve the right to collect on the unpaid HELOC balance.
Will this get wiped out when I file ch.7? My attorney said I could just let it foreclose. That sounds worse. Is it? 
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