As your husband is planning to file Chapter 7 bankruptcy, he can reaffirm the mortgage after the bankruptcy is discharged. Once he reaffirms the mortgage, he will become personally liable to pay the mortgage. If he makes regular payments, he'll be able to save his property. _________________ Procrastination is the enemy of your financial sucess
we filed and recorded a quit claim deed of property we own to our sons before we filed bankruptcy 4 years ago. we now need to sell the property how can we get it back in our name or can we and sell the property (texas)
You'll have to ask your sons to quitclaim the property back to you. Once they do so, then you can sell off the property.
Thanks
Bobby Davids Guest
Posted: Tue Aug 18, 2009 5:05 pm Post subject: claimed bankruptcy
My ex-wife was awarded the house in our divorce. She was suppose to refi- in 6 months. She never did. Now she is behind in payments 2 years. I filed bankrupctcy and was discharged chapter 7. Will my name ever be removed from the paper work and will they come after the house since she is behind on the first and second mortgage?
Please take a look at it. I hope it'll help you. _________________ Procrastination is the enemy of your financial sucess
kathyjo Guest
Posted: Thu Aug 20, 2009 8:35 am Post subject: bankruptcy and quit claim
my husband is filing Chapter 7? bankruptcy due to credit card debt. My credit is good and I was worried about how this will affect me. I received some bad advice, to have him quit claim the house over to me, my intent was not fraudulent, although I see now the creditors will see that it was. I hoped to prevent the loss of the home as I have been paying the mortgage. We do not currently live in the house, but, are paying the mortgage on time. I was thinking of divorce and in order to retain the property it would have to be in my name only. How will this affect the bankruptcy now. We are still married. If one of us was to move back into the home (homestead) will this allow me/us to keep the home?
As you've been paying off the mortgage dues of the property, both of you can move back into the property. If you default the loan, then the lender may foreclose it. As far as the status of the property after your divorce is concerned, you need to contact both your bankruptcy attorney and your divorce attorney and take their opinion in this regard. _________________ Procrastination is the enemy of your financial sucess
I was thinking about filing for bankruptcy. I own a home, but not my primary residence. I was wondering if I could quit claim it to my father in law? I still have a mortgage on it. Or would I be better off doing an arms length transcation to avoid any fradulent claims?
I don't think an "arms length transaction" would help you much in this case. Transferring property just before bankruptcy would be considered as fraudulent. In case you do so, you should try and avoid filing bankruptcy for at least a year. _________________ Procrastination is the enemy of your financial sucess
Jen Guest
Posted: Wed Nov 11, 2009 9:15 am Post subject: too complicated
In my OH divorce ex was given the house but both our names are still on the loan(s).
I have not signed a quit claim.
He is not living in house and letting it go to crap. He is making payments but they are consistently late and making my credit worse.
If I reach the point of filing bankruptcy can I include the house as an asset?
You've mentioned that you have not quitclaimed the property to your ex after the divorce. I guess, your name is still mentioned in the property deed. In such a situation, if you file bankruptcy, you'll have to list the property in your bankruptcy filing. _________________ Procrastination is the enemy of your financial sucess
adonis
Previous 1 2 3 4 5 6 7
