| Author |
Message |
|
|
 kathrynjean707
Joined: 30 Aug 2008
Posts: 1
1.54 Dollars($)
|
 Posted: Sat Aug 30, 2008 7:58 am Post subject: Signing Quit Claim deed after filing Chapter 7 bankruptcy |
|
|
In early 2007 my
ex- husband decided he wanted our house sold and the court ordered us to put it on the market. It has so much pest damage that it wasn't selling. Because the house wasn't selling, my ex then decided he wanted to buy out my part of it from me. As of August 18, my ex and have a court order for a settlement offer for him to buy out my part of the house from me. He tried to get a loan and found out that he couldn't get enough money to pay off his bills plus buy the house from me. My attorney told me that he and I can agree on a "note" where he'd make payments to me with 10% interest for the money that he owes to me.
As it turns out, yesteday my ex informed me that he is going to buy the house from me and that I will have to sign a "quit claim".
I declared bankruptcy (Chapter 7) on July 14. I do not know if I should sign the quit claim or not. I did not want him to end up with the house, I had hoped to sell it to someone else if I can't continue to live here, but I currently have no employment. Thank you. Kathy
---------------------------------------------------------------------- ---------- |
|
|
jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
|
| Posted: Mon Sep 01, 2008 1:43 am Post subject: RE: |
|
|
Hi kathrynjean,
Welcome to forums.
Can you tell me what debts are included in the bankruptcy ? I mean do you have a mortgage, which is included in chapter 7? if not, then your home could be safe. And you could sign on a quitclaim deed. But I would advise you to discuss upon any further legal implications with your attorney.
Thanks |
|
|
Caron
Moderator
Joined: 19 Jul 2005
Posts: 1562
Location: florida
266.58 Dollars($)
|
| Posted: Mon Sep 01, 2008 5:59 am Post subject: RE: quitclaim after bankruptcy |
|
|
Hi,
You're not signing the quitclaim deed in order to protect your home from creditors. So, even if you have declared bankruptcy, I don't think filing a quitclaim deed and conveying your part of property to the ex-husband will affect you in any way.
Good luck
_________________
Mortgage Shopping made easy with booklet |
|
|
jheard
Moderator
Joined: 12 Dec 2007
Posts: 599
Location: Houston, TX
98.69 Dollars($)
|
| Posted: Mon Sep 01, 2008 8:37 am Post subject: |
|
|
You have a very serious legal issue. Consult with your family law and bankruptcy attorneys.
_________________
Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation. |
|
|
No Name
Guest
|
| Posted: Thu Dec 04, 2008 7:06 am Post subject: Signing after bankruptcy |
|
|
| I was sent into bankruptcy and after it was discharged the person who was on my mortgage with me had me sign a quit clain deed. My question is the mortgage is still on my credit report as an open account because the other party is keep up the payments...since i had the mortgage added to my backrupcy am i still leagaly obligated to pay if the other party defaults with it showing on my credit report as open even though i file chapter 7 with the mortgage. |
|
|
Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
|
| Posted: Fri Dec 05, 2008 3:13 am Post subject: |
|
|
Hi No Name
Did you by any chance reaffirmed the debts in bankruptcy? If you have reaffirmed the debts, then you will have to pay the debts. If not, then I don't think you will be liable for the payments.
Thanks
_________________
Good is the Enemy of Great. |
|
|
