Posted on: 25th Sep, 2008 11:09 pm
i am filing chapter 7 . when i got divorced 2 years ago i signed a quit claim deed on our mortgage, do i still list this on my chapter 7 as a debt?
hi susiemariebromley!
welcome to the forums!
quitclaim deed cannot be used to transfer a mortgage, it is only used to transfer a property. to transfer the mortgage, you will have to opt for either refinancing or novation.
if you want to include that mortgage in the bankruptcy or not is solely your discretion.
feel free to ask if you have further queries.
sussane
welcome to the forums!
quitclaim deed cannot be used to transfer a mortgage, it is only used to transfer a property. to transfer the mortgage, you will have to opt for either refinancing or novation.
if you want to include that mortgage in the bankruptcy or not is solely your discretion.
feel free to ask if you have further queries.
sussane
Hi susiemariebromley!
Quitclaim deed cannot transfer mortgage.
Quitclaim deed cannot transfer mortgage.
well, that's settled.
susiemarie, my first question is this: do you have legal counsel working with you on this chapter 7 filing? if so, wouldn't you be able to get that question answered?
susiemarie, my first question is this: do you have legal counsel working with you on this chapter 7 filing? if so, wouldn't you be able to get that question answered?
