Compare Mortgage Quotes

my girlfriend is upside down with her recourse condo mortgage (her name only) and we fear she will be laid off. she and i have title to a second property. can she quit claim her interest in the second property to separate it from any foreclosure libility for her condo or are their legal issues? (fraudulent transfer ex.) this is in california.

ashleyblanton · Posted: Wed Feb 25, 2009 3:54 pm Post subject:

I would contact an attorney to know for sure.

jameshogg · Posted: Thu Feb 26, 2009 12:30 am Post subject:

Hi Guest,

I agree with Ashley that you should contact an attorney. If your girlfriend's condo is foreclosed, the lender can place lien on the property that you jointly own with her.

But as she is already upside down with the mortgage, I would suggest her to contact the lender and check out if she can go for a short sale or a deed in lieu.

Thanks

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

Compare Mortgage Quotes

severing title on a second property

Our Community

Community Rewards

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1