Question Correct way to arrive at net equity in home.

[Hlc]

I plan to keep my home when I file chapter 7. I have the appraised value on my home and estimate that I have $18,000 in equity.

Will the UST estimate what the cost to sell would be to determine my net equity?

As always thanks to everyone.

[keepinitreal]

While the equity is simply the value minus the mortage(s), the Trustee will take into account the the total cost of selling it, including realtor fees, when deciding whether to sell it as an estate asset. If you have significant equity, he may make an offer to you to buy the equity back at a discount.