Jump to content

Negative Equity in Home


Recommended Posts

No. Negative equity in real property does not off-set equity in other areas. The only thing that comes about from your example is that the bankruptcy trustee will abandon* the house to you if you are filing chapter 7.

*That means the trustee won't be interrested in selling the house to pay your debts. As long as you keep up the mortgage payments you can keep the house.

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.