Home Equity Calculation

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In_Recovery

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Home Equity Calculation
« on: June 20, 2009, 06:54:05 PM »
Are real estate agent commissions, lawyer fees and mortgage penalties considered when calculating one's 'equity' in a home during a bankruptcy filing? Once these costs are subtracting the remianing balance from the home sale is approx. $5000.00 with an unsecured debt of $40,000.00

Thanks in advance for any clarification.

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Nevergiveup

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Re: Home Equity Calculation
« Reply #1 on: January 03, 2014, 12:04:05 AM »
Talk to an insolvency lawyer, get some legal advise before considering bankruptcy, they will give you a  better answer.

 

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