Not Reaffirming or Retaining Property

[HOMEBODY]

Today I have finally decided on the filing date. Started filling our the forms but have a few questions.

I am listing 3 properties that I intend to keep..but dont want to reaffirm as I dont know what is ahead in the future.

What do I write on these properties, are they left blank?


Also, is there a chance that the trustee will force me to give up my houses that are underwater except for one that I will list as my primary residence which has about $40,000 in equity.

Also, do I put the 2nd equity lines of credit under secured or unsecured. They would probably be unsecured as the house is not worth the equity amount.

I intent to eventually call the banks on the 2nd loans and see about settling.



Thanks.

[HOMEBODY]

I meant I dont want to reaffirm the property but I intent to keep them without being responsible in the future in case of foreclosure.

[justbroke]

This really depends on whether your District allows a ride-through on real property. You would put "Retain and Pay" on your Statement of Intentions. You must be current.

If the Equity Line of Credit is "partiary" secured, by even $1, then it is a secured debt.