I'm $400 over the monthly median.

[backtoschool]

The equity is actually less than that. It is not more than 5K, if that. I don't think forcing a sell would make sense considering the closing costs. Just the brokers fee is 5%, with out accounting for taxes, transfer, and title search fees.

I agree. I also don't think your payments are enough over the median to force a sale.

I would go for the chapter 7 and then worst case scenario you end up in a 13. If you end up in a 13 and your wife's income comes down, you can always convert to a 7.

[ska]

Including both mortgages about $800 over the allowance.

We were over the mortgage expense standard by $810. No problems. And we were $28k over the median.

[liboton21]

We were over the mortgage expense standard by $810. No problems. And we were $28k over the median.

I'm 6K over the median and means test said we pass..one more month and I ready for filing..this site is very helpful.