3. Does the HELOC go as unsecured debt if the first mortgage is more than the current value of the home if I am not living in the home full-time but my daughter is? Do I need to put on paper how I came to the current market value of the homes for Schedule A? Because Zillow is overinflated, and I know what the foreclosures of my model are going for and my backyard is dead, the water system is broken and needs to be dug up and the front yard is dead (I haven’t gotten estimates less than 25k for both), also the furnace duct system needs work as it doesn’t blow a/c or heat to 2 of the bedrooms, it also needs new carpet, paint and a new garage door (I didn’t stop soon enough). The windows need cleaning, etc. If I put what Zillow or a Title Report says, then my first mortgage is less than that amount. If I put what it would really sell for, realistically, then that value is less than my 1st mortgage. I don’t want the Trustee to think I am trying to get away with something…and if he pays attention or listens to me, I did what all bk attnys and my accountant said was foolish, which was to pay off my credit cards (excuse me for paying my debts and being responsible…I couldn’t not pay for something I bought just to bankrupt it…I couldn’t live with myself).

Optional Information:
State/Country relating to question: California