Central District Consumer Bankruptcy Attorney's Association

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
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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?

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Initial listing term is usually 180 days
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The post was migrated from Yahoo.

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.

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.