exemption excess from property A be applied to property B? Example property A equity $100,000, property B equity $70,000. equating to exempt status for both properties.
October 2013 using 704.730
The RE exemption only applies to your residence where you reside. It cannot be split.
Chapter 7 Bankruptcy Attorney
A agree with Attorney Steingrabe, your exemption is determined by your place of residence. Pleas make sure you use a qualified bankruptcy attorney for your case to make sure you get the proper advise.
Chapter 13 Bankruptcy Attorney
The exemption is used solely for your homestead. The additional amount cannot be applied to another property.
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