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  1. #1
    Join Date
    Sep 2010
    Posts
    478

    Default Re: Trustee Forces Me to Short Sell My Home, and Appoints a Real Estate Agent

    I hope you have an aggressive and well qualified attny.

    Not getting into the issue of the title to the property. . .

    A trustee’s attempt to sell the home out from under the debtor (bypassing any claim to a homestead exemption) is not new. All across this Country trustees are attempting to cut deals with lenders and short sale buyers for a kick back to 1) line their own pockets; 2) line the pockets of their buddy the realtor; 3) line the pockets of their attny if one is hired; and 4) when all is said and done, give a few bucks (and I mean “very few bucks”) to the unsecured creditors. This process has had some success and, unfortunately, I have not seen any attorneys take the trustees to task.

    In the past the properties stolen by the trustees were either investment property or, if the debtor’s residence, being surrendered to the lien holder. What does your Statement of Intention show as it relates to the property?

    I recommend you take the time to read the below threads for a better understanding of the issues and problems.

    http://www.bkforum.com/showthread.ph...t-quot-trustee

    http://www.bkforum.com/showthread.ph...charge-(Chap-7

    Des.

  2. #2

    Default Re: Trustee Forces Me to Short Sell My Home, and Appoints a Real Estate Agent

    Thank u for all of ur answers.

    I was completely taken aback by this. Attorneys that witnessed it said that they've also never dealt with this. So this came out of left field.

    Each time a realtor has called advising me that my house is already listed, prior to me rec'g any paperwork (like the kind I did today) all said was illegal to do. But each said something different as far

    My biggest gripe is that the trustee hand picks a realtor for me to use. Geez. I can't even use one of my choosing. The realtor isn't even in my county. He's nearly 3 hours away.
    That was strange.

    I think it's one thing to say u have to do a short sale, but then tell me I have to use this guy. Seems crazy to me. Not very ethical. Why does it matter to the trustee, who I use?

    I'm going to read those other threads. And have to look into getting a decent attorney.

    Thanks for the input so far!

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