Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

Father is dying and has deeded his home to me and husband

Author Message
RondaCrankster

Guest







Post Posted: Fri Mar 18, 2011 11:59 am    Post subject: Father is dying and has deeded his home to me and husband
Like 0
Dislike 0

My father has terminal cancer and has deeded his home to me and my husband since I had to quit work to care for him, My husband and I have about 30k in unsecured debt and am thinking of filing for chapter 7 in Va. can they make me sell the home? and do I need to file before my father passes away. Your help is greatly appreciated I'm so stressed right now I can't even think straight.
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Sun Mar 20, 2011 10:55 pm    Post subject:
Like 0
Dislike 0

Hi Ronda,

If you and your husband file bankruptcy jointly and if the property is in your name, then you will have to include the home in your bankruptcy filing. The trustee may sell off the property in order to pay off your creditors.

Thanks
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






Highlights

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool







We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.059 seconds.