If one spouse is on the mortgage, and both are on title, do both have to fill out the hardship, or only the spouse on the mortgage?

Thanks,

Bill

A client is in Chapter 13

He wants to short sale his rental unit which is in bad condition (currently unrentable)

Comps show upgraded homes in the community as competition sold at average $115

Subject property needs $25-$30 work to bring to comp condition.

Several buyers are interested.

• Client needs to get an “Affidavit of Abandonment for Real Estate & Asset” from the bankruptcy trustee, (after he decides that he really wants to…