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• 1. F

     Owning a house with over $100K in equity and filing Chapter 7

     Basically she has told him she's either going to get the HELOC or our ex SIL can buy the house from her for the $160 to pay off the loan and her debt. She doesn't want to sell it out from under him, she just wants to be able to pay off her debt from having her entire life pulled out from under...

     • FamilyDrama2024
     • Post #6
     • Dec 5, 2024
     • Forum: Consumer Bankruptcy
  2. F

     Owning a house with over $100K in equity and filing Chapter 7

     Okease Just a reminder: contracts for real property must be in writing. And there was no formal contract or anything. Just a verbal agreement that he'd have to make sure the loan was in his name in a year. My sister was actively house hunting for herself at the time she agreed to help him...

     • FamilyDrama2024
     • Post #5
     • Dec 5, 2024
     • Forum: Consumer Bankruptcy
  3. F

     Owning a house with over $100K in equity and filing Chapter 7

     What is the name of your state? MO A little backstory. My sister, against advice but wanting to help out, agreed back in 2017 to purchase a house and let my brother live in it. He and his wife were divorcing and due to a very unique situation with some weird issues with the way the mortgage...

     • FamilyDrama2024
     • Thread
     • Dec 5, 2024
     • Replies: 32
     • Forum: Consumer Bankruptcy