Start your membership account today...  Access to credit reports, 100's of rental specific forms, agreements, letters, checklists, how-to articles, guides, expert advice and much more!  Even a FREE, 3-day trial!

Not a Member?
Get a Free Trial Membership

  Get FREE Stuff! Run Credit Report Rental Forms  Shop & Buy Forms!  Advertise Your Rental Customer Care

Welcome to Landlord.com's Discussion Forum
Register Latest Topics
 
 
 


Reply
  Author   Comment  
Gpike

Registered:
Posts: 1
Reply with quote  #1 
I have been a landlord for about 15 years and owned a handful of properties. My job at Chrysler was sent overseas and my debt could not be paid so I'm considering Chapter 7 Vs Chapter 13. I'd prefer chapter 7 so I may start fresh and clear. I live in Texas, properties in NY.

Has anyone been able to protect a rental property when filing a chapter 7 using Homestead exemptions? Or the wildcard exemption? How did you go about it? Did you use a Texas state theme or federal theme? I have $24900 in equity, and positive cash flow that I need to protect.

I've had a comparative market analysis done to state the house is worth less than the assessed value and/or there will be no profits to distribute after paying off the mortgage company.

I am having estimates done for a new roof (it's needed), a new driveway (also needed) and a deck. Also hoping to use these to drive down the assumed value of the property.

Any advice is appreciated.
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.

Apartment Finders > > Member Log-in > Free Trial Offer > Free E-newsletter > Customer Service > Get Free Stuff! > Run Credit Report > Rental Forms > Vacancy Center > Do-it-yourself > Evicting Your Tenant > Foreclosure Resources > Landlord Discussion Board > Income Tax Resources > Information Center > Join Landlord.com > Landlord Law > Library > Multi-family > Professional Advice > Rental & Property Mgmt > Rent Collection > Repair & Maintenance > Security Deposit > Software Center > Tenant Screening > Vacation Homes > What's New > Rental Agreements > Free Leases > Inside Our E-store > > Security Deposits > > Landlord Daily News > Rental Agreements >
LandscapingSanJose.net Resources: Cleaner Sunshine coast