Real Estate Issues
Real estate is land and the improvements attached to the land. Real estate includes your home, your burial plot, 2nd homes, rentals, and any vacation time shares that you own. These are important assets. Your real estate is probably the greatest investment you have made and is an investment in your future.
In bankruptcy, real estate is property just like any other property and the trustee will be interested in its value and whether sale of the real estate will produce proceeds that can be used to pay unsecured creditors. Is there a mortgage? Are their other liens against the property? Is there equity?
Read these articles and learn more about real estate and bankruptcy.
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The statements of law made here are general statements of law, effective at the time published and subject to change from time to time. These statements are not intended, nor may they be construed, to be applicable to any particular set of factual circumstances nor to any particular person. I recommend that all readers seek the assistance and advice of an experienced bankruptcy lawyer for guidance in their particular circumstances.
© Copyright 2013 David C. Hoskins, licensed Colorado lawyer