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letamp;#39;s quickly discuss bankruptcies in regards to a title transaction so Iamp;#39;m not an attorney Iamp;#39;m just kind of giving you the cliff notes when it comes to title and when we see bankruptcy how we look at it and what we need um thereamp;#39;s a couple different ways that bankruptcies come up uh many times youamp;#39;ll see uh a bankruptcy that shows open so weamp;#39;re still showing an open bankruptcy whether itamp;#39;s a chapter 11 chapter 13 or chapter 7 um anytime you have a bankruptcy it needs to be discharged and it also needs to be closed or dismissed um if itamp;#39;s not then you have to get Court approval in order for title to close on any type of transaction uh but more commonly when we hear bankruptcy and title uh itamp;#39;s more so when you know you might get a preliminary title report and youamp;#39;ll see a few you know judgments and deeds of trust certain leans and your seller or your borrower tells you oh hey those were taken care of throug
