Compare Mortgage Quotes

Guest

Hi,

I was wondering if someone could help me with advice. My wife and I bought a house when the prices were at peak in California. We owe double of what the property is worth. Currently both of our names are on the title, but the mortgage is on my name. I want for title to be solely under my name.

First question is, where should I file interspousal grand deed, so my wife would transfer everything to me. I want to remove her from association dues.

Second, I’ll be trying to declare bankruptcy in the future (after I live for a bit of time in the house), due to high amount of credit card debt and my daughters tuition, which I’ll need to pay. When I stop paying my loan, I’m planning on stopping paying overpriced association dues, so the question is: what actions will association take against me? Will it shorten the time I’ll be able to live in the house?

Thank you for your time.

Ivan

Niicss · Posted: Mon May 17, 2010 4:27 am Post subject:

You will have to ask your wife to sign an inter-spousal transfer deed in order to transfer the property to you. You can contact an attorney and he will draft the deed for you. You'll have to file the deed at the county recorder's office where the property is located.

If you stop paying the association dues, they will file a lawsuit against you in order to place a lien on your property.

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

Compare Mortgage Quotes

advice on property transfer /foreclosure-California

Helpful References

Our Community

Community Rewards

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1