Not exact matches
You may
lose certain
property, depending
on your state, but generally, you won't
lose equity in your home, your retirement accounts, Social Security or most of your wages.
The missed investment income or «Opportunity Costs» is defined as the
lost ROI
on the
equity being locked in your
property; and,
When real estate prices started to drop, she
lost $ 100,000 in
equity on each
property for a total of $ 200,000 in
lost home
equity.
If you can't afford to keep making payments
on a home
equity loan, you could end up
losing your
property.
You will
lose any
equity in the
property, and you may face an income tax liability
on the amount of debt forgiven.
Just remember you could
lose your home or
property if you default
on your home
equity loan.
In Chapter 7, whether or not you will
lose your house and car depends
on the amount of
equity you have in the
property and the amount of exemption that you are entitled to.