In order to reduce the balance on the first mortgage on homestead property, the debtor should _________.
A) file Chapter 7.
B) file Chapter 13.
C) file an adversary proceeding.
D) none of the above.
Correct Answer:
Verified
Q1: Bankruptcy protects all forms of real estate
Q2: Homestead equity limits are the same in
Q3: A divorce case won't affect a bankruptcy
Q4: When a debtor has fallen behind on
Q5: Since the debtor is two months behind
Q7: You can lien strip a junior mortgage.
A)
Q8: The debtor plans to relocate to another
Q9: Escrow means that the taxes and insurances
Q10: The following can be escrowed:
A) property taxes.
B)
Q11: How does an escrow affect calculations for
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