Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

Ex Spouse Filing for Bankruptcy Have Mortgage together.

Author Message
steveultifitness@aol.com

Guest







Post Posted: Wed May 18, 2011 5:25 pm    Post subject: bankrupty
Like 0
Dislike 0

Me and my wife are divorce , and we have a mortage in our name, what happens if she files bankrupy, i have told the courts that i don`t want to be bought out , i want the home sold, can she take the house from me.
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10390
Location: Alaska
978.05 Dollars($)
Post Posted: Wed May 18, 2011 10:53 pm    Post subject:
Like 0
Dislike 0

Hi steveultifitness!

Welcome to forums!

If your wife files bankruptcy, she will get a discharge and won't be liable for paying the mortgage anymore. You will be liable for the mortgage payments. If you let the lender foreclose the property, it will have a negative impact on your credit report and will lower your credit score.

Feel free to ask if you've further queries.

Sussane
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
 Previous  1, 2, 3
Page 3 of 3

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






Highlights

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool







We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.050 seconds.