Q:

How soon can I sell my house after bankruptcy?

A:

Quick Answer

A home can be sold as soon as the case is considered discharged and closed, according to Jayne Thompson for SFGate. This depends, however, on whether the trustee assigned to the bankruptcy case does not decide the home must be sold to pay off the debts.

 Know More

Full Answer

Another option is to enlist the help of the assigned trustee during bankruptcy to help determine the value of assets and sell the home. Document preparatory companies can help with the paperwork; however, according to attorney Justin Harelik at Bankrate, there are state-by-state variations that need to be considered, which is why utilizing the help of the bankruptcy trustee or hiring a local bankruptcy lawyer may help streamline the process and avoid any legal hang-ups.

Learn more about Real Estate

Related Questions

  • Q:

    How do you find out how much a house was sold for?

    A:

    Find a home's sale price by searching public records at the county offices where the home is located or by searching websites that aggregate public-record information. When the sale price is unknown, the amount can be estimated using tax information.

    Full Answer >
    Filed Under:
  • Q:

    How can you find out who built my house?

    A:

    In order to identify who built a house, determine the era in which the house was built based on its architecture, ask the city inspector's office to find the building permit of the home or find county records of the beginning of the property in a register of deeds department. Subcontractors like plumbers may also have records of who built a home.

    Full Answer >
    Filed Under:
  • Q:

    How much rent should I charge for my house?

    A:

    According to SFGate, the amount of rent that should be charged is dependent on the home's value. The typical rate for monthly rent is between 0.8 and 1.1 percent of the home's value. For example, a house worth $300,000 should have a rent ranging from $2,400 to $3,000 per month.

    Full Answer >
    Filed Under:
  • Q:

    How can I transfer my house to my child?

    A:

    A home can be transferred from parents to children by way of a trust, a sale for a bargain price or a gift. Parents can also transfer their home to their children with a deed and retaining life estate, according to USAA.

    Full Answer >
    Filed Under:

Explore