I am about to file Chapter 7. My realtor called me last night and said she is showing the house today. Funny, wasn't being looked at for almost 8 months and now out of the blue.
If I sell now, if I am lucky, will net maybe 10K in equity if it sells and closes quickly. Will this be an issue with filing? Do I get to keep the equity?
Do I still file and then how does that work with the house on the market?
Can someone tell me if they have any experience with:
File 7, have a home for sale........include house in BK.
What's the tine line, what happens to the house, how long, etc?
I am no longer living there.
File 7, house goes under contract and sells. What happens?
Does the BK hold up the sale?
I guess I am wondering if it should come off the market.
I have a snowballs chance in h**l of getting any equity out of it at this point if it doesn't happen fast as those unpaid mortgage payments I am sure will be deducted from the equity?
If I sell now, if I am lucky, will net maybe 10K in equity if it sells and closes quickly. Will this be an issue with filing? Do I get to keep the equity?
Do I still file and then how does that work with the house on the market?
Can someone tell me if they have any experience with:
File 7, have a home for sale........include house in BK.
What's the tine line, what happens to the house, how long, etc?
I am no longer living there.
File 7, house goes under contract and sells. What happens?
Does the BK hold up the sale?
I guess I am wondering if it should come off the market.
I have a snowballs chance in h**l of getting any equity out of it at this point if it doesn't happen fast as those unpaid mortgage payments I am sure will be deducted from the equity?
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