In 2003, Michael Crane pioneered the concept of short sales in Chapter 7 Bankruptcy estates.
Realizing that foreclosures were not in the best interests of any parties to the process, Mr. Crane developed a powerful program designed specifically for liquidating real property that belonged to a Chapter 7 estate. The result has been over a decade of successfully and economically disposing of real property to the benefit of the trustee, the secured creditors and the debtors.
Chapter 7 Solutions, LLC and/or Mr. Crane have successfully completed hundereds of short sales with, among others, the following banks/servicers:
Wells Fargo Home Mortgage
Bank of America
Chase Home Mortgage
Specialized Loan Services
Select Portfolio Services
One West Bank
Litton Loan Services
Ally (f/k/a GMAC Mortgage)
Chapter 7 Solutions, LLC continues to develop innovative and creative solutions for trustees, servicers and banks.