Great, Great, Great News.....

[Credit Hater]

Based on the last 2 years comparisons, one as recent as 3 months ago, my place at best is worth $90,450. I owe a little over $87,000 since a refi in 2003.

And this doesn't take into consideration my heating and air pump + hot water heater (need to replace soon before something bad happens, lol) + all appliances except for the microwave are over 20 years old. My place needs a lot of cosmetic work too....broken tile in the bathroom, old sheetrock ceiling starting to dip needs replacing, + the size of this 1 BR is only 610 sq. ft. .....not such a good selling point.

So I just might be able to go pro se. My income is under the median and my bills leave me with about $130 of disposable income each month (and thats with figuring $160 a month for groceries, but I think I'm allowed more.)

So no forcing into ch.13. But I will lose some things, one of my vehicles and maybe some expensive stereo equipment that I don't even use much anyway.

Theres NO WAY a trustee will view my place as an equity assest....heck, it would probably only appraise for around $75,000 since so much needs to be replaced and fixed.

Just had to share my news with you all....I'm doing the happy dance

[Minnymouth]

Sounds like you have it all together and ready to go...... keep us posted on whether you go pro se and how it all going....

[CindyLou]

It is likely the stereo equipment will stay, remember for belongings it is "garage sale value" don't over estimate! Also, do allow more for groceries. It also includes any snacks at work, lunches out, etc (up to the max allowed for your situation.) Since the new laws are in effect, I would recommend using an attorney just to be safe!!

[InLimbo]

Aw great news Credit Hater! Hope it's all smooth sailing

[SinkingFast]

If you haven't, CH,............ Call a couple of Realtors. Act like you're thinking of selling and get their opinion of a market value on your home. AS IS! Tell them you don't have the money, time, or inclination to fix it up. You just wanna sell and get the heck outa Dodge. That's a good firm basis for your valuation.

If the only thing you've been worried about is the value of your home, I'd say go for it.

Remember to be sure you've got all your documentation saved up in case you get asked for a box of stuff like Lost had to provide.

You can do this!!