Legal Question in Bankruptcy in Michigan

quick sale v.s. foreclosure

We have retained an attorney & are in the process of filing bankruptsy.We also have talked to an investor who doesn't want any money from us, that would go to our mortgage co and negotiate a price to buy our house before we go into foreclosure.We consulted our attorney about this and he said ''no'' just let it go into foreclosure,but he didn't give us a reason.The investor said it would look better on our credit if we didn't have the foreclosure. We don't understand why our attorney is against this. Would selling our house now to this investor in any way jepordize our bankruptsy outcome ?


Asked on 1/29/06, 1:51 pm

1 Answer from Attorneys
Rochelle Guznack Law Offices of Rochelle E. Guznack, PLLC

Re: quick sale v.s. foreclosure

You should listen to your attorney who has your best interests in mind as opposed to an investor who is trying to make a quick buck off of you. Best advice I can give you is to tell you to call your attorney and ask the questions you need answers to.

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Answered on 1/30/06, 6:25 am


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