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Hello,

I have an issue I need a little clarification on if possible. I divorced my ex-wife two years ago. We owned a mobile home and an acre of land, both of which were in my name. A mortgage is still owed on the home. I did a quit claim deed on the land, but was told I could not do one on the house. I talked to a lawyer a few days ago and he said I could do a bill of sale. He said the reason that the trailer was probably not on the quit claim deed was that it was not considered permanently attached. My ex and I filed chapter 7in 2003 and somehow the trailer was not reaffirmed. The mortgage company says I will not be liable if they have to foreclose. My credit report does not show me owing anything to the mortgage company. My current wife and I would like to buy a home, but are unsure what effect or if I will even be able to be on the loan with her. Can you help? Please and thank you.

Brandon

Guest

The land and trailer are located in Tennessee.

smithsussane · Posted: Wed Nov 18, 2009 8:40 pm Post subject:

Hi bljones!

Welcome to forums!

You've mentioned that the mortgage is there on the property. Is the mortgage in your name? If not, then you won't be liable for the mortgage dues if the property is foreclosed upon. In case, if your were the co-borrower of the mortgage, you personally won't owe anything for the mortgage because you haven't reaffirmed it.

In my opinion, you should apply for a loan and check out whether or not you can get approved for it. You may even speak to the lenders of this community and seek a no obligation free mortgage consultation. This will help you know whether or not you would qualify for a loan.

Feel free to ask if you've further queries.

Sussane

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A few questions quit-claim deed and bill of sale