I received a copy of the notice for motion to lift automatic stay today. I was expecting this.....but one part is confusing....
They list the fair market value of the house, less payoffs, brokers commissions, and other closing costs resulting in a <net negative number>.
The next line says ( Please note: From these proceeds, Debtor(s) would be entitled to be paid $15,000 representing the homestead exemption.)
What does THAT mean??? I can't imagine they are going to pay me $15,000!
Thanks,
A New Page
They list the fair market value of the house, less payoffs, brokers commissions, and other closing costs resulting in a <net negative number>.
The next line says ( Please note: From these proceeds, Debtor(s) would be entitled to be paid $15,000 representing the homestead exemption.)
What does THAT mean??? I can't imagine they are going to pay me $15,000!
Thanks,
A New Page
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