Posted on: 30th Jun, 2010 09:33 pm
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.
John Kim
I think a real estate attorney will be able to guide you in this regard,so better consult any local real estate attorney.
keep in touch....
I think a real estate attorney will be able to guide you in this regard,so better consult any local real estate attorney.
keep in touch....
Hi John,
When your parents file bankruptcy, it won't affect the property as you are the owner of the property now. They won't be able to list your property in their bankruptcy filing.
A real estate attorney won't be able to help you in this regard. If you want to consult an attorney, then you should look for the suggestions of a bankruptcy attorney.
Take Care.
When your parents file bankruptcy, it won't affect the property as you are the owner of the property now. They won't be able to list your property in their bankruptcy filing.
A real estate attorney won't be able to help you in this regard. If you want to consult an attorney, then you should look for the suggestions of a bankruptcy attorney.
Take Care.