I live in Las Vegas and the equity in our home is rising very quickly. When our Chapter 13 is nearing completion will we have to refinance and give up some of our equity. We are paying 1500 month for 42 months.
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Are you asking if the bankruptcy court will make your refinance, or are you considering refinancing and wondering what the repecussions are for your chapter 13? -
No, it is my understanding that before you complete the chapter 13, they look at the amount of equity you have in your home and then you could be forced to refinance if the appraisal says you have x $ in equity???Comment
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Well, if that is true, that is the first I have heard of it. As far as I know, there is no re-evaluation of your asset values as you complete your chapter 13 plan.Originally posted by cpginvegasComment
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