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  1. #1
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: Can I Sell My House and Make a Profit

    Quote Quoting LGinFL
    View Post
    My question involves bankruptcy in the state of: Florida

    Spouse and I filed a ch.7 in January 2010. We have never missed a mortgage payment even though the bank doesn'
    t report it to the credit bureaus. Credit reports just say "included in Bankruptcy."


    Will we be free to make the profit when selling the house soon after that time? And I can find a realtor to sell my house, with no special problems?

    Thank you in advance!
    Yes, you are free to make a profit and you will have no special problems when selling.

  2. #2
    Join Date
    Apr 2012
    Posts
    11

    Default Re: Can I Sell My House and Make a Profit

    Yes, thank you very much. The equity will allow us to downsize!

  3. #3
    Join Date
    Sep 2010
    Posts
    19,901

    Default Re: Can I Sell My House and Make a Profit

    Note that if he sells it for more than the basis (roughly the purchase price), he has a capital gain.
    That doesn't mean he necessarily has a profit. Almost all homes are going to be overall losses once you take interest into account.

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