My question involves real estate located in the State of: California
We are trying to buy our first home. We have a signed purchase agreement from the seller. The bank approved the short sale within 2 weeks with a closing date of 04/20/2012. *Everything was going smoothly then we find out a couple days before closing that at some point the seller had filed bankruptcy . Seller sending a letter to bankruptcy court asking this house won't be include as an asset. *Chase bank ( lender) also accept that and they said they will extend the escrow date. How likely will it take that the bankruptcy court accept sellers request ( the house not to be included as an asset) ? How long will it take? *Since the closing date is 04/20/12, we already gave our 30 days notice for our apartment. *Should we remove our notice.? Since this was not our fault, can we ask for a credit from seller bank or agent?
Thank you in advance.