Posted on: 05th Jan, 2006 03:29 am
my husband is in deep debt and we have a house together. he is planning to file for bunkrupcty but before doing that he is planning to do a quit claim on our property to me. i have excellent credit and i dont want to file for a bunkruptcy. is it good move for him to do a quit deed then fiile for bunckruptcy? how will it affect me?
Hi peter,
If you are the landlord and the property deed is in your name, then the tenant can't claim any ownership to that property. You can contact a real estate attorney and he will help you in knowing the laws of the state and guide you in saving the property.
Thanks
If you are the landlord and the property deed is in your name, then the tenant can't claim any ownership to that property. You can contact a real estate attorney and he will help you in knowing the laws of the state and guide you in saving the property.
Thanks
If I do a quick caim deed to my xehusband do I still have a loan to pay back
Hi pm,
If the mortgage is in your name and if your ex-husband does not refinance it, then you would be responsible for paying off the dues though you sign a quit claim deed.
If the mortgage is in your name and if your ex-husband does not refinance it, then you would be responsible for paying off the dues though you sign a quit claim deed.
Hello, this is for the state of Georgia.
A Quit Claim deed was given by my parents to me approximately 3 years
ago. After the quit claim deed was filed I refinanced the house.
Within the last few years my parents have fallen on some tough times
and are thinking about filing for bankruptcy. Would that bankruptcy
effect the house that I live in now?
The only name on the mortgage after the refinancing is my own.
Thanks.
A Quit Claim deed was given by my parents to me approximately 3 years
ago. After the quit claim deed was filed I refinanced the house.
Within the last few years my parents have fallen on some tough times
and are thinking about filing for bankruptcy. Would that bankruptcy
effect the house that I live in now?
The only name on the mortgage after the refinancing is my own.
Thanks.
Hi John,
Your query has been replied to in the given page:
http://www.mortgagefit.com/propertytransfer/about40385.html
Take a look at it. Hope it helps you.
Take Care.
Your query has been replied to in the given page:
http://www.mortgagefit.com/propertytransfer/about40385.html
Take a look at it. Hope it helps you.
Take Care.
My husband and I purchased a home with my mother-in-law and we did a quickclaim deed with our name on the deed. She is now trying to file bk, how will this affect us?
hi tt!
welcome to forums!
if your mother-in-law is not on the property deed or on the mortgage, then her filing bankruptcy will not affect you in any way.
sussane
welcome to forums!
if your mother-in-law is not on the property deed or on the mortgage, then her filing bankruptcy will not affect you in any way.
sussane
Can someone about 4 years into Chapter 11 bankruptcy still quit claim his home without triggering any legal complications? Also, does the quit claim have to be recorded in order to become valid?
hi bob!
welcome to forums!
if the bankruptcy has been discharged, then there won't be any issues if the person transfers his property with the help of a quit claim deed to someone else. in order to make the deed valid, it needs to be recorded at the county recorder's office.
feel free to ask if you've further queries.
sussane
welcome to forums!
if the bankruptcy has been discharged, then there won't be any issues if the person transfers his property with the help of a quit claim deed to someone else. in order to make the deed valid, it needs to be recorded at the county recorder's office.
feel free to ask if you've further queries.
sussane
Thank you Sussane for your response.
What happens if a quit claim is executed while the executor is still in bankruptcy? Is it invalid, so that it would have to be done over after the bankruptcy is discharged?
What happens if a quit claim is executed while the executor is still in bankruptcy? Is it invalid, so that it would have to be done over after the bankruptcy is discharged?
Welcome Bob,
If you file a quit claim deed when you're in bankruptcy, then it can be considered as fraudulent by the trustee and you can be penalized for it. However, after the bankruptcy is discharged, then you can file a quit claim deed and transfer the property to someone else.
If you file a quit claim deed when you're in bankruptcy, then it can be considered as fraudulent by the trustee and you can be penalized for it. However, after the bankruptcy is discharged, then you can file a quit claim deed and transfer the property to someone else.
can i sign over my 2 custom cars and my speed boat to my family friend before filing chapter13
hi robin,
signing over your cars and speed boats to your family friend just before filing bankruptcy will be considered as a fraudulent act on your part by the trustee. so, it's better not to transfer your property just before a bankruptcy filing.
thanks
signing over your cars and speed boats to your family friend just before filing bankruptcy will be considered as a fraudulent act on your part by the trustee. so, it's better not to transfer your property just before a bankruptcy filing.
thanks
I am in the process of filing chapter 7 bankrupcy and I am also in a troubled marriage. First question is since my name is not on the deed to the house, it is in her name can creditors go after the house. Secondly, if divorce happens and I sign a quit claim deed where does this leave me with any rights to the house or the appraised upgraded value?
I am in the process of filing chapter 7 bankrupcy and I am also in a troubled marriage. First question is since my name is not on the deed to the house, it is in her name can creditors go after the house. Secondly, if divorce happens and I sign a quit claim deed where does this leave me with any rights to the house or the appraised upgraded value?