In a chapter 7 how can you keep your home

i have filed chapter 7, I have 2homes, I plan to sell one home but want to keep the other. however, my house is underwater, $400,000 owed and worth $255000.
any suggestions?
JONATHAN99
Asked Jul 09, 2010
If you can continue making the payments you may be able to keep it depending on the homestead exemption law in the state where the property is located. The exemption will only be available for the house where you live, not investment property. The lawyer handling the bankrupcy should advise you on the best options.
Rob
Answered Jul 09, 2010
Edited Jul 09, 2010

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