Posted on: 22nd Jun, 2010 02:07 pm
i own a home in california that is included in a chapter 7 bankruptcy. the lender is making no move to foreclose and i understand i am liable for the garbage service (they will not allow me to stop it), insurance and taxes. my bankruptcy attorney told me i should quitclaim the deed to the lender, but title companies have told me i can't do this, and the county recorder cannot advise me. can you guide me?
Hi mbritt,
As far as I know, you will be able to surrender the property to the lender by using a quit claim deed. Once you do this, the lender will become responsible for the property and it's maintenance.
Thanks
As far as I know, you will be able to surrender the property to the lender by using a quit claim deed. Once you do this, the lender will become responsible for the property and it's maintenance.
Thanks