Selling small items...bad idea?

[tobee43]

OK. I understood when we bought the house and I knew we were homestead exemp...but I have since forgotten what exactly that means. We bought in 2007, so you can imagine we are not only drowning, but we are $70,000 feet deep under water. I don't want to keep my house, but I do want to stay as long as possible to save money. I guess this is where I need to seek the advise of my atty. But first I need to get my pp list square so I know if it even matters.

ok now your getting somewhere....making a decision about the house is a big one...really we left ours after 33 years...

you will NOT be able to take the exemption on the house...and i would then list the house on the petition as surrender...that way believe me...you'll have time to save up since you know down here they are not throwing people out very quickly!!!

you're on your way...you just need to be open and honest and it will all work out.

[SunshineGal]

no....sorry...we aren't letting you do that...LOL!!!

seriously...it might take you some time to learn all of this..and you theoretically shouldn't have to, because that's why we hire atty's we trust.

however, the atty does this everyday...and you do not. you ARE YOUR OWN best advocate...it's just best for you to understand what's going on.

Co-signing Tobee's post. Knowledge is power and no where is that more important than the Florida districts, lol.

[tobee43]

Co-signing Tobee's post. Knowledge is power and no where is that more important than the Florida districts, lol.

Girl friend you got that right!!! and we are living it!

[jlynn275]

Thank you sooo much for your help! I just went through my pp and overestimated their worth (on a cheat sheet) just to see where we are and I think we will be fine. I hope.

[tobee43]

Thank you sooo much for your help! I just went through my pp and overestimated their worth (on a cheat sheet) just to see where we are and I think we will be fine. I hope.

i know you will jlynn...and we are here for you!!! so don't worry!!