Hello,
From my understanding, in New york , homes are automatically undeer homestead protection (we dont need to file anything). And that ” Specifically, homestead laws allow individuals to declare a portion of their property as “homestead” and therefore protected from a forced sale. Under New York’s homestead protection law, the amount property owners may declare exempt varies based on county location and range from $75,000 to $150,000.”
My question is, if we declare bankruptcy, are we suppsoed to force a sale if our home is worth more than 75k-150k in market value?
