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ryx3rsy · Joined: 19 Nov 2009 Posts: 3 1.96 Dollars($)

Hi. I really need some help! I'm 6 mo pregnant, and before I became pregnant my family was going into financial problems. cutting to the chase;

A man that I worked with found out my family was going to do a bankruptcy and he said he can help. he will do a short sale on the house. my mother didn't agree but he kept telling me how better it is and stuff like that and i told her. She said she will give it a try. and so we did. The co worker called me to tell me my mom would have to sign some papers so he can talk to the bank.( my mom bankruptcy lawyer had to sign the paper to) so this happen in 5/2009 and now its november. and we just found he stop talking to the bank and just had my mom sign a quit claim deed. But my mom lawyer said its ok cause she's doing bankruptcy and the bank will handle him. We didn't know he was going to do that, We don't speak english that well or understand it. We cant afford another lawyer so please help. I also found out he also did this to another family at another state. Help me; because i also found out that I'm having early contractions because I'm stressing over this.

I brought this man into my family lives and I'm taking it all on myself for what he did. He's a guy who like to scam people.

PLEASE HELP ME!!

jenkin7 · Posted: Fri Nov 27, 2009 2:36 am Post subject:

Hi ryx,

If your mom signed a quitclaim deed and singed over the ownership of the house to that person, she no longer has any legal right to the property. But there is a mortgage lien on the house. The man, who you mom signed over the property to, will not be able to get ownership of the house until the mortgage is paid in full. However, you should consult a lawyer regarding this issue.

Has you mom talked to the lender? Is she current on the mortgage? Did she try to do a loan modification? If she wants to keep the property, she can file bankruptcy to stop any foreclosure proceedings. If she qualifies for chapter 13, she can pay off the mortgage and other debts through a repayment plan within 3-5 years. But in case she qualifies for chapter 7, she will have to reaffirm the mortgage and make payments in order to keep the house.

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