Worried about my home!!!
I posted this on the general discussion, but only got one response....
My husband and I are getting ready to file Chapter 7 this week. Our attorney said that we should be able to keep our house, but I wanted to get some feedback from those who have been through it.
Our assessment paper says that our house is worth $108,500 (although our house was appraised for $104,000 in 2003 and last years tax records says that it is $93,000). We owe $90,000 on our house. We live in SC and get a max exemption of $10,000. The attorney said that for the courts to break even, they would have to get $119,000 for our house. BTW, we have never been late or missed a payment.
Does all this sound right? In your opinion, should we be able to keep our house?
Thank you for all your responses!
My husband and I are getting ready to file Chapter 7 this week. Our attorney said that we should be able to keep our house, but I wanted to get some feedback from those who have been through it.
Our assessment paper says that our house is worth $108,500 (although our house was appraised for $104,000 in 2003 and last years tax records says that it is $93,000). We owe $90,000 on our house. We live in SC and get a max exemption of $10,000. The attorney said that for the courts to break even, they would have to get $119,000 for our house. BTW, we have never been late or missed a payment.
Does all this sound right? In your opinion, should we be able to keep our house?
Thank you for all your responses!
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