I own a house but live in another state. I owe more on it than it is worth.
I own a house but live in another state. I owe more on it than it is worth.
I own a house but live in another state. I owe more on it than it is worth. If we file chapter 7 can we keep the house if someone else makes the payments?
1 Answers
Votes
Older
Newer
1
Hi Guest,
If you file bankruptcy, then you will have to list the house as your asset. Also, the bankruptcy trustee may sell it off in order to pay your creditors. However, if you want to save your property, then you may have to reaffirm the mortgage and pay the mortgage debts on time.