two houses

[deafbroke]

If I own two houses, live in one that is worth less than I owe on it, can I claim the other as exempt? It's only worth 17k but if I can exempt it I can sell it later. Main reason is I don't want this to drag out while the trustee tries to sell the house. If I surrender does the case remain open until the house is sold or once surrendered would and no other assets would that close the case?

[dw2008]

two houses

Hi DB,
How did it workout with your two houses? I am in the same situation, where if possible we would like to save both houses? Did they allow you to keep them? under 7 or 13? Did you have to prove that you can make payments on them, if you were behind before?
Thx

[deafbroke]

Hi DB,
How did it workout with your two houses? I am in the same situation, where if possible we would like to save both houses? Did they allow you to keep them? under 7 or 13? Did you have to prove that you can make payments on them, if you were behind before?
Thx

i'm filing 7. I am letting my homestead go to foreclosure. My other house worth 17k I will be able to keep under the federal wildcard exemption. Have an attorney go over it with you. I tried Pro Se and it's a mess. My 2nd home I have no payments on. Again, talk to an attorney, they will get it done right.

DB

[dw2008]

thansk