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quit deed claim

Posted on: 04th May, 2012 05:08 pm
my mother in law wants to quit deed claim her home to us there is still a mortgage on the home we are going to pay the mortgage on the house but she is going to have to file a bankruptcy there is no extra equity in the home n she is going to reinfirm on the mortgage loan is it ok to do the deed change or can we do after the bankruptcy we are going to buy the house in one year
Welcome tom,

It won't be a good option to change name on the property deed just before bankruptcy filing. The bankruptcy court will bring back the property to your mother-in-law's estate and may sell it off in order to pay off her creditors.
Posted on: 06th May, 2012 09:14 pm
Hi tom!

Welcome to forums!

To know all about bankruptcy filing, you can check out the given page:
http://www.mortgagefit.com/know-how/filebankruptcy.html

Feel free to ask if you've further queries.

Sussane
Posted on: 07th May, 2012 08:34 pm
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