About my home

[thewizard]

I am divorced and still living in the house I had with my ex. We have agreed to sell it, but because of the market it has not yet sold. I plan on reaffirming.

I am not sure about how to get the forms to accurately reflect my equity. In my divorce my ex and I agreed to split proceeds of the sale (net of sales costs and paying of the mortgages). When I list the house's current estimated value and my current mortgage balances it shows the rest as my equity. However, that's not quite right... We will have about 8k in sales expenses and then only half of the balance is mine.

How do I put this on the forms?

Thanks in advance!

[destitute]

I assume you are filing pro se. If that's the case I would show your ex's equity as another secured debt on the house. Don't subtract sales expenses though. Simply list the house and it's value as an asset and the mortgage and your ex's equity as debt. If questioned about it you should be prepared to provide the divorce decree specifying that she get's 1/2. That may not fly with the trustee but at least you aren't hiding anything.

Another option would be to call the court and ask how they would like that listed.