Posted on: 30th Nov, 2012 08:02 pm
I bought a house as an investment property just before the real estate market crashed. Decided to do a bankruptcy to walk away from the house. However, it's been over three years and now I want to purchase a house to live with my family. I was told because my name is still on title I can't buy anything until three years after my name comes off the title? What can I do?
You must transfer the property to the bankruptcy trustee by deed.
Welcome lflako,
It would have been better if you would have sold off the property immediately after your bankruptcy discharge. Now, in the given situation, you may have to wait for quite some time in order to buy a new property in your name.
It would have been better if you would have sold off the property immediately after your bankruptcy discharge. Now, in the given situation, you may have to wait for quite some time in order to buy a new property in your name.
