Posted on: 30th Nov, 2009 09:23 am
I co-own a condo in the Los Angeles area and earlier this year the other co-owner of the condo filed for bankruptcy and walked away. Does anyone know how this will affect me in terms of the mortgages (there is a 1st and 2nd on the home). I want to stay in the home and have filed for a modification, however I'm sure if I should wait to see what the bankruptcy courts will do? Any suggestions would be greatly appreciated.
I'd call the co-owners Bankruptcy Attorney and ask those questions.