Please choose the correct ending to complete the given sentence: Computers and Electronics: [header] How to obtain general property exemptions in bankruptcy [title] Calculate the equity in your home. [step] Many states will allow you to exempt a certain amount of equity in your home. To figure out the equity in your house, you should subtract the mortgage from the current market value.

Ending1: Write down these figures to get an idea of the value of your home. [title] Determine whether you will need to file an appeal. Ending2: You will have equity if your house is worth more than you owe on it. [substeps] The bankruptcy trustee can actually seize your house and sell it if you have equity in your home. Ending3: [substeps] If you have a real estate agent, you should have a spreadsheet handy that you can use to sum up all the equity in your home. Use this document to calculate the interest rate for the home you want to exempt. Ending4: You can find information about how to calculate this from a financial report, or just look it up online. Some of the many home equities you can subtract from are : [substeps] Real estate (ny) renter, or person.

Answer format: ending1/ending2/ending3/ending4