Hello,
I have a question. I’m in an odd situation. Financially wasn’t doing so hot last year and best option was filling chapter 13. It’s made my life so much easier and little to no regrets
My situation is a bit odd however, I own my family home in full as I inherited it back in 2014. Since then I’ve been letting family live there and I have a mortgage on my primary residence.
I have a emergency that has come up and I was thinking of using my equity in my second home to get a HELOC or something similar. Has anyone experienced this situation? What would the courts likely to want me to do? The house isn’t worth a crazy amount so I was hoping to have a quick $50k withdrawal or so.
I’m seeing that it’s likely they’ll have my use up the equity to pay off my chapter 13. That would not helpful. Any idea?
submitted by /u/Capital-Like-Bike
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