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House sold in auction

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    House sold in auction

    I filed chapter 7 on March 11, 2010 I surrendered my house the equity was $4,000.00. The amount owed the bank was $67,000.00. The house sold at
    auction this morning for $71,000.00. What will happen to the difference

    #2
    I would assume it goes into the trustee account to pay your creditors?

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      #3
      I believe it will depend on what fees were associated with selling the house. Will probably eat up the extra. If not, you get up to $4000 for your exemption if you claimed it.
      Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
      (In the 'planning' stage, to file ch. 13 if/when we have to.)

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        #4
        Got a check after auction

        After all the expenses and fee I received a check allowed by the trustee for $195.75 on June 10

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          #5
          Better than nothing right? Congrats ;)

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