Compare Mortgage Quotes

Guest

Hello,

the co borrower (ex domestic partner) on my mortgage loan has filed chapter 7 bankruptcy because they want to get out of the mortgage. the home has no equity and i want to assume the mortgage/loan. my lender is willing to modify my loan in my name only but requires the co borrower to sign a quit claim deed which they are refusing to do. the co borrower still has a couple months before the bankruptcy is final. lender is saying there's nothing they can do unless the co borrower signs the quit claim deed.

is there anything i can do other than waiting till its final or do i need to contact a bankruptcy lawyer. Thanks for any help provided.

gmakerley · Posted: Fri Jan 08, 2010 3:47 pm Post subject:

i don't know that a bankruptcy lawyer would be apropos unless you plan to file as well, which i don't think is the case. a real estate lawyer, on the other hand, would probably be worth your time and trouble. the lender is correct - he cannot refinance your home with you as the borrower while your ex has an ownership interest; and, i'm quite sure that the bankruptcy clouds the issue even more.

but you need to know what your rights are concerning this, and legal assistance is sensible.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

Co Borrower and Bankruptcy