House liquidation

[Yahoo Bot]

Hale: often 1/2 year to a year. But be careful. If client pays nothing to live in the house, the trustee may try to surcharge homestead for rent.
Dennis
Sent from my iPhone
On Nov 16, 2010, at 1:49 PM, "Hale Andrew Antico" wrote:
Chapter 7: There may be home equity (disputed). If debtors decline to make a cash offer and go the "list it" route, how long would the Chapter 7 trustee typically let the house sit on the market to attract an offer before realizing that his appraiser overshot the home value?
Hale: often 1/2 year to a year. But be careful. If client pays nothing to live in the house, the trustee may try to surcharge homestead for rent.DennisSent from my iPhoneOn Nov 16, 2010, at 1:49 PM, "Hale Andrew Antico" <bk.lawyer@gmail.com> wrote:

Chapter 7:
There may be home equity (disputed). If debtors decline to make a cash offer and go the "list it"
route, how long would the Chapter 7 trustee typically let the house sit on the
market to attract an offer before realizing that his appraiser overshot the home
value?

The post was migrated from Yahoo.

[Yahoo Bot]

Initial listing term is usually 180 days
_____

The post was migrated from Yahoo.

[Yahoo Bot]

They can list as long as they like or until a judge grants a motion to
abandon. Real estate listings are typically 6 months, so I'd argue
that is the minimum.

The post was migrated from Yahoo.

[Yahoo Bot]

Chapter 7: There may be home equity (disputed). If debtors decline to make
a cash offer and go the "list it" route, how long would the Chapter 7
trustee typically let the house sit on the market to attract an offer before
realizing that his appraiser overshot the home value?
Chapter 7:
There may be home equity (disputed). If debtors decline to make a cash offer and go the "list it"
route, how long would the Chapter 7 trustee typically let the house sit on the
market to attract an offer before realizing that his appraiser overshot the home
value?

The post was migrated from Yahoo.