Posted on: 24th Sep, 2012 01:03 pm
Hi! My ex boyfriend and I own a home together. He has filed bankruptcy (and included the home mortgage). He has nothing to do with this house, but his name is still on the deed. If I can get him to sign a quit claim to me prior to the sale of the home, will I be free to sell the home without his signature or give him any entitlement to home profits?
Hi Liz!
Welcome to forums!
If your ex-boyfriend signs the deed and transfers the property to you, then you will become the sole owner of the property. In such a situation, if you sell off the property, you won't be liable to pay him anything. However, as he has filed bankruptcy, it will be better if you consult a lawyer before getting the deed signed by him.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If your ex-boyfriend signs the deed and transfers the property to you, then you will become the sole owner of the property. In such a situation, if you sell off the property, you won't be liable to pay him anything. However, as he has filed bankruptcy, it will be better if you consult a lawyer before getting the deed signed by him.
Feel free to ask if you've further queries.
Sussane
Welcome Liz,
Yes, it should be noted here that any property transfer just before bankruptcy filing may be considered as illegal. So, better consult an attorney before taking any further step.
Yes, it should be noted here that any property transfer just before bankruptcy filing may be considered as illegal. So, better consult an attorney before taking any further step.