My husband called the title company and found out that once the discharge and closing occur and the house is under contract, it will take up to eight weeks for the title company to receive the final pay - off amount. This means we will be under contract for a minimum of eight+ weeks instead of the standard four.
My question is: Does this mean that were we to fall out of contract and need to find additional buyers by relisting the house, this process would take eight weeks each and every time, we went under and out of contract even if the full eight weeks had passed and we had already received at least one final pay-off amount, or would the process be quicker the second or third time around?
I realize the bankruptcy will remain on our financial records until at least Feb.2024, but this sounds like an additional hurdle that once we are post-BK13, we shouldn't have to go through.
Are there going to be other roadblocks to us selling this house in 2022?
(My husband posted something similar, but did not ask about the scenario of repeated relistings as I have above.)
Thank you one and all!
My question is: Does this mean that were we to fall out of contract and need to find additional buyers by relisting the house, this process would take eight weeks each and every time, we went under and out of contract even if the full eight weeks had passed and we had already received at least one final pay-off amount, or would the process be quicker the second or third time around?
I realize the bankruptcy will remain on our financial records until at least Feb.2024, but this sounds like an additional hurdle that once we are post-BK13, we shouldn't have to go through.
Are there going to be other roadblocks to us selling this house in 2022?
(My husband posted something similar, but did not ask about the scenario of repeated relistings as I have above.)
Thank you one and all!
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