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Filing for Chapter 7 creates a bankruptcy estate,  and state law determines what assets you get to keep when you file  bankruptcy. Equity in at least one car can often be protected, but  you need to review the laws of your state.  If you own the car outright, the value will determine if it can  be protected.
Yes - assuming you meet certain criteria. Generally speaking, you can keep your home during a Chapter 7 case so long as you reaffirm the debt to the mortgage company during the case. This means you contact the mortgage company and tell them you want a reaffirmation agreement, then they will send you one and you sign it, they sign it, and you file it with the court.