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 ewwkids
Joined: 03 Apr 2008
Posts: 2
1.36 Dollars($)
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 Posted: Thu Apr 03, 2008 8:20 am Post subject: should i have a property quit claimed to me if the owner fil |
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| my landlord filed bk about two weeks ago. she wants to sell me her property. she wants to "quit claim" it to me she owes 160k on the property and wants to sell it to me for 70-80k is this possible?????? |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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| Posted: Thu Apr 03, 2008 11:16 pm Post subject: RE: sell property while in bankruptcy |
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Hi Ewwkids,
Welcome to forums.
Has your landlord filed Chapter 7 bankruptcy? and is that the reason she hasn't included the home? You need to be sure of what she is actually trying to do - whether he'll simply do a quitclaim or a sale. Does she want to sell in order to protect her house from being liquidated as is done with non-exempt properties of debtors in some states?
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Caron
Moderator
Joined: 19 Jul 2005
Posts: 1562
Location: florida
266.58 Dollars($)
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| Posted: Fri Apr 04, 2008 4:29 am Post subject: RE: quitcaim/sell after bankruptcy |
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Hi,
Quitclaiming or selling property which should be otherwise included in bk can be considered a fraudulent act. So, check out the bankruptcy laws in your state before you accept such a property. By the way, what type of bk has your landlord filed and what debts are included there? just asking so that I can give you a better suggestion.
Good luck
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ewwkids
Joined: 03 Apr 2008
Posts: 2
1.36 Dollars($)
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| Posted: Fri Apr 04, 2008 6:48 am Post subject: quit claim |
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| i apologize for giving the wrong info. by the way she filed a chapter 7. she actually says that she wants me to do a "short sale" on the property. she owes the bank 160k and she says that i can negotiate a "short sale" to them for about 60-70k. she says that they will probably take the offer. now my question is does she negotiate the short sale or do i??and also do i have to have a preapproval from a mortgage co. or bank in order to be able to "negotiate"??. |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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Mary
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| Posted: Sun Aug 17, 2008 4:59 pm Post subject: Can I do a quit claim if I have filed chp 13 bankruptcy |
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| Can I do a quit claim if I have file bankruptcy |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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| Posted: Mon Aug 18, 2008 6:59 am Post subject: |
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Welcome Mary.
It all depends what type of bankruptcy you have filed. If you have filed chapter7 then you should not quitclaim it. By the way you should consult it with a bankruptcy attorney.
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Good is the Enemy of Great. |
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