Minnymouth, Ky here,
Chapter 7 case where Trustee took MH (bad title) and Bank has land only. Both were supposed to be together.
Bank has to be forced to foreclose on property - note on land is value of house and land - not just land.
Legally I still own the land and had to stop paying on it.
Iff i kept paying for it I would be paying for some "very expensive land"(with no home on it).
I'm sure your familar with my case in the Chapter 7 threads.
Question - when refering to foreclosure what is equity exemption? Also how long does foreclosure take?
Someone told me that if I lost my home they are supposed to pay me so much for my equity expemtion???
I filed in June/2004.
I was discharged in October/2004.
Adversary proceedings were terminated/case closed in January/2005
Does the information above mean my case is over except for the foreclosure from the bank?
Thanks for the help all these months!!
Chapter 7 case where Trustee took MH (bad title) and Bank has land only. Both were supposed to be together.
Bank has to be forced to foreclose on property - note on land is value of house and land - not just land.
Legally I still own the land and had to stop paying on it.
Iff i kept paying for it I would be paying for some "very expensive land"(with no home on it).
I'm sure your familar with my case in the Chapter 7 threads.
Question - when refering to foreclosure what is equity exemption? Also how long does foreclosure take?
Someone told me that if I lost my home they are supposed to pay me so much for my equity expemtion???
I filed in June/2004.
I was discharged in October/2004.
Adversary proceedings were terminated/case closed in January/2005
Does the information above mean my case is over except for the foreclosure from the bank?
Thanks for the help all these months!!
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