We have a rental property that is underwater. In January, we stopped paying on it (lousy tenants). Wells Fargo had us submit paperwork to try a short sale, and the house has been on the market since Feb. We owe $116k but it's listed price has been reduced to $70k. We decided to file bankruptcy to protect against any deficiency and get out of cc debt.
We filed on May 28. Our 341 is July 23. We have made our first chapter 13 payment. NOW we have an offer on the house...and we have absolutely no idea how selling the house might work. Anyone been through this?
We filed on May 28. Our 341 is July 23. We have made our first chapter 13 payment. NOW we have an offer on the house...and we have absolutely no idea how selling the house might work. Anyone been through this?