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
Ocwen
Chase Home Mortgage
Citi Mortgage
US Bank
Specialized Loan Services
Select Portfolio Services
Penny Mac
One West Bank
Nationstar Mortgage
Regions 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.