Posted on: 23rd Jun, 2010 01:18 pm
hi,
my ex-husband and i divorced a year ago, and i filed a quitclaim deed on the house. he refuses to refinance or file for assumption, claiming that it's too expensive. given that my only debt is this mortgage, can i file bankruptcy to get out of it? he makes the payments and has done so since we bought the house two years ago.
at this point, i really don't know what to do.
my ex-husband and i divorced a year ago, and i filed a quitclaim deed on the house. he refuses to refinance or file for assumption, claiming that it's too expensive. given that my only debt is this mortgage, can i file bankruptcy to get out of it? he makes the payments and has done so since we bought the house two years ago.
at this point, i really don't know what to do.
hi noodlyappendage,
filing bankruptcy should be your last option. if you want to get rid of the property, then you should apply for a deed in lieu of foreclosure. this will not help you sell off the property but you won't be liable for the deficient balance even.
thanks,
jerry
filing bankruptcy should be your last option. if you want to get rid of the property, then you should apply for a deed in lieu of foreclosure. this will not help you sell off the property but you won't be liable for the deficient balance even.
thanks,
jerry