Do they send someone out to appraise your house? How do they know how much equity you have?
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Filed C7: 3/21/08
341 Meeting: 4/23/08
Objections to discharge due: 6/23/08
Discharged 6/30/08 -
No, they don't normally send someone. But given that your BK documents are sworn documents, you can't just assign any ole' value to your home. Trustees have a pretty good sense of what houses are worth in their area.
But, the can send someone if they want too, but doing so is not part of a normal BK. -
So I just give an estimate of what I think it might be worth - what I think I could sell it for?Filed C7: 3/21/08
341 Meeting: 4/23/08
Objections to discharge due: 6/23/08
Discharged 6/30/08Comment
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you could use zillow.com or get an estimate from a real estate agent. I used zillow and the trustee requested more documentation so I got a broker appreaisal for 50 bucksChp 7 Filled 2-21-08
341 Hearing 3-24-08Comment
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I have been looking at houses and find that Zillow estimates higher then the houses are selling for....
I would call and ask a real estate agent to come over and give you an estimate. They do not charge for this service.Chapter 7 Pro Se....Discharged Feb. 2006Comment
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zillow is ridiculous. I wouldnt use them for values.pa308 (equifax fico 6-21 471) 594 on 3-09 671 7-09
filed ch7 6-12
341 7-25
Discharged and closed 9-24Comment
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Well, I checked out Zillow just to see what it was - and it shows my house at $4,000 LESS than I owe on it now and $7,000 less than I paid.
That might make sense with the way the housing market is - I've only been there 2 years. If I could use that, it would actually help me by showing negative equity, right?Filed C7: 3/21/08
341 Meeting: 4/23/08
Objections to discharge due: 6/23/08
Discharged 6/30/08Comment
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Credit Report?
Does the Trustee look at your credit report? Or the judge or anyone?
Thanks!Filed C7: 3/21/08
341 Meeting: 4/23/08
Objections to discharge due: 6/23/08
Discharged 6/30/08Comment
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Every home equity now keeps DROPPING faster & faster than interest rates.Comment
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I called the realtor who sold me the house and she's going to pull up some comparisons for me. Nothing has changed with the house since she sold it to me so she knows the condition of it so she should be able to easily get me a value. I will be curious to know anyhow!Filed C7: 3/21/08
341 Meeting: 4/23/08
Objections to discharge due: 6/23/08
Discharged 6/30/08Comment
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Some say they are. Their values are very close in my area.Originally posted by pa308 View PostComment
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it was pretty close in my area as well zillow that is unfortunately trustee was an aprraisal of sortsChp 7 Filled 2-21-08
341 Hearing 3-24-08Comment
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Mine was about 17k more than the appraisal i had done.
pa308 (equifax fico 6-21 471) 594 on 3-09 671 7-09
filed ch7 6-12
341 7-25
Discharged and closed 9-24Comment
Comment