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How hard is it to sell your home while in a 13?

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    How hard is it to sell your home while in a 13?

    I know the proceeds will be used to pay the debt, besides that. Are there any other issues that could make it difficult? I owe a little over 20k left to creditors, there should be over 35k net from a sale.

    #2
    Actually selling and closing on a home is more difficult than obtaining Trustee/court approval.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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      #3
      Ok, you maybe right, but I have to try.

      Comment


        #4
        I meant that in the most positive manner. I mean, there's more paperwork, listing, showing, worrying with selling a home, than filling out the motion for permission to sell.
        Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
        Status: (Auto) Discharged and Closed! 5/10
        Visit My BKForum Blog: justbroke's Blog

        Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

        Comment


          #5
          I understand, it can be difficult to sell a home and I really hate showing and dealing with all that comes with it. But if I can get close to what I’m asking, I can discharge this chapter 13 early and move on.

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            #6
            I've thought about this very thing should I be forced into chapter 13. I assume this will only work if you are in a 100% payback plan correct?

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              #7
              Yes, that’s correct.

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                #8
                Got an offer of 5k over asking, which will totally payoff the chapter 13(100%). Waiting on the trustee to approve.

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                  #9
                  Congrats and good luck!
                  Filed Chapter 13 - 07/20/12
                  Discharged 8/2/16

                  Comment


                    #10
                    Yes, congratulations on a fast contract and I wish you the best with the Trustee and closing.
                    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
                    Status: (Auto) Discharged and Closed! 5/10
                    Visit My BKForum Blog: justbroke's Blog

                    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

                    Comment

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