Re: BK question

Posted by Why Chat (209.240.205.61) on May 17, 2004 at 13:41:33:

In Reply to: BK queston posted by greenjean on May 17, 2004 at 11:45:18:

IF you are an individual owner,or both you and your spouse are filing jointly, and in a State that does not totally exempt your homestead, than the tax assessors office assessed value minus your mortgages is a reasonable way to figure equity.

Remember,however, if you are filing alone, but your home is owned jointly, it may be totally exempt.

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