Posted on: 12th Jul, 2011 09:39 am
What happen after bancruptcy when they discharge parent's morgage payment for property that has been quit claimed to child? In order to keep the property would child need to continue mortgage payments of the existing loans? Or, would the lender go against the child, or would the lender offer a loan to the child? What is the best way for child to keep that property?
Myra, these are questions that are best posed to an attorney who is schooled in bankruptcy law, particularly as it pertains to real estate.