House

[aleutian]

Ok I filed my chapter 7 and now I need to amend it because i didn't list the house I was on. It was in a shortsale so I didn't think I neede to list it. Anyways I am on the title with my wife, but I am not on any of the mortgages. Do i need to list the mortgages in the bankruptcy as well or just the house? They say I need to list the house as exempt to let the short sale go through.

[tcreegan]

community property state?

Hi aleutian,

By your screen name, can we assume you are filing in Alaska?

It really makes a difference if you are in a community property state (or tenancy by the entirety) and if you are filing alone or together w/ your spouse.

If you were on the title at time of filing, you need to list the house as an asset.

We need someone more experienced to tell you how to deal w/ the mortgages not in your name.

So.....

What state are you filing in?
Are you filing alone or jointly w/ your wife?
How much equity is in the house?

With this info, lots of the gurus around here can help you out.

Tom in Colo

[aleutian]

No, Minnesota

Spouse is not filing, both of us on the house. Spouse only on mortgage. No equity

[tcreegan]

Hi aleutian,

You probably need a lawyer at this point.

The house is your community property.

You file on the house, yet they cannot come for it b/c it also belongs to your spouse.

Are the debts (mortgages with hubby's name on them) also community property? If so, can they be discharged in your bankruptcy?

Need someone who knows about dividing property up in a BK,

Good luck with it !

Tom in Colo