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 gary92504
Joined: 01 Oct 2009
Posts: 1
1.31 Dollars($)
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 Posted: Thu Oct 01, 2009 8:34 am Post subject: can i file BK if prop is in my name but not the loan |
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| My property is going to foreclosure sale and it is under my name but the loan that is in default is not under my name can a bankruptcy filed by me still stop the sale? |
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gunzijjistaff
Joined: 07 Apr 2009
Posts: 608
14.88 Dollars($)
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| Posted: Thu Oct 01, 2009 9:22 am Post subject: |
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I think loan modification will be the best option than file bankrutcy to avoide forlosure. They will ask for loan borrower.
Thanks & Regards.
gunz.ijjistaff |
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stevecomish
Joined: 16 Sep 2009
Posts: 48
0.00 Dollars($)
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| Posted: Thu Oct 01, 2009 9:35 am Post subject: |
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your name is not on mortgage. How can BK help you?
you are on deed. How can it go for forclosure? |
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smithsussane
Joined: 18 Sep 2008
Posts: 4515
Location: Alaska
440.39 Dollars($)
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| Posted: Thu Oct 01, 2009 10:17 pm Post subject: |
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Hi gary!
Welcome to forums!
The person whose name is on the mortgage docs can file bankruptcy and stop the foreclosure sale of the property. However, you should note that as your name is not on the mortgage docs, a foreclosure sale will not effect your credit.
Feel free to ask if you've further queries.
Sussane |
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hemsleysue
Joined: 13 Sep 2009
Posts: 72
0.02 Dollars($)
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| Posted: Thu Oct 01, 2009 10:22 pm Post subject: |
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| your name is not on mortgage. BK will not help you. |
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