341: Trustee wants me to talk to a Realtor

[shoopy]

Please forgive me if I am misunderstanding something here.

You have a mortgage for approx. $90,000 and your house is worth a theoretical max of $102,000, which leaves a theoretical $12,000 equity? If you are using federal exemptions, don't you have something like a $21,125 exemption for equity in your home? Why is the trustee even able to put the house up for sale?

Just looking for more things to worry about before I file.

[keepsmiling]

Please forgive me if I am misunderstanding something here.

You have a mortgage for approx. $90,000 and your house is worth a theoretical max of $102,000, which leaves a theoretical $12,000 equity? If you are using federal exemptions, don't you have something like a $21,125 exemption for equity in your home? Why is the trustee even able to put the house up for sale?

Just looking for more things to worry about before I file.

OP plans to surrender the house.
All these carve outs are happening in cases of surrender... so far.

[lorelei]

In any case....

DISCHARGE OF DEBTOR

It appearing that the debtor is entitled to a discharge, IT IS ORDERED:

The debtor is granted a discharge under section 727 of title 11, United States Code, (the Bankruptcy Code).

BY THE COURT

Dated: August 9, 2012

I'm at a point now where the bank and trustee can futz around with the house til the cows come home. I just don't care anymore. I would like the dang case to close, but I'll cross that bridge if I come to it. Maybe it'll sell - who knows, who cares. Maybe it'll be up for sale for a year and then I can inquire about plans to pull the plug on the thing. The most important thing? Not my damned problem anymore.

[ValleYum]

Happy discharge, lorelei!!! Enjoy your Fresh Start!

Are you living in the house until it sells?

[spidge]

Great news. Hopefully you can now live in it rent free to prepare for another place and have a stash for emergencies.

[lorelei]

Happy discharge, lorelei!!! Enjoy your Fresh Start!

Are you living in the house until it sells?

Time will tell :-)

We're in it for the time being, anyway. Moving closer to the city where we work makes some financial sense, but I'll be working 60+ hour weeks until November, so we're staying put for now.

[ValleYum]

Time will tell :-)

We're in it for the time being, anyway. Moving closer to the city where we work makes some financial sense, but I'll be working 60+ hour weeks until November, so we're staying put for now.

You hang in there as long as you can and/or want to!! Enjoy being freeeeeeeeeeee!!!

[lorelei]

So, this is a long time since the last update, I know. It just took this long to FINALLY close the case. The Realtor hired by the trustee didn't do a damned thing to sell the house, as far as I can tell, and only submitted twice-a-year statements saying he believed he could sell it. Meanwhile, lots of other stuff went on:

• The bank eventually petitioned the court to move forward with the bankruptcy, which was granted (sometime in the spring of 2013, about a year after the bk filing)
• Just as soon as that was granted, my ex, who was on the mortgage papers, ALSO filed for Ch. 7 bk. He was luckier than I, and didn't have a trustee who wanted to play this song and dance, and his case was closed on Dec. 31, 2013.
• Nothing really happened at all in 2014 until November, when the bank finally got serious about foreclosing again.
• The sheriff's sale was on Feb. 5, 2015, at which point I had a six month grace period. Important to note: I was never directly told this, but luckily found out as I was looking for information on the state of my property on the county's online site.
• We moved out of the house on July 1, ahead of the Aug. 5 deadline. I sent a note to the trustee saying the property had been abandoned.
• About a month later, she issued her notice to the bk court saying the case had been fully administered.
• FINALLY, on Oct. 19, 3 years, 6 months and 3 days after filing, FINALLY, my case was closed.

I still don't know what the point of all this was, but it's OVER!