Posted on: 26th Jun, 2010 05:56 am
i was divorced and signed quit claim deed to former spouse 5 years ago. now in bankruptcy. she is required to refi the house to get me off of the mortgage per deivorce decreee. under bankruptcy, i assume that the debt on the house for me is not foprgiven and i will still be a debor on the mortgage. is this correct? only way for me to get out of the debt on the house is for my ex to sell or refinance?
thanks, jla
thanks, jla
Hi jla,
You need to check out whether or not your wife has refinanced the mortgage in her name. If she has refinanced the loan, then you won't be liable for it and don't have to include it in your bankruptcy filing. If you want to get rid of the mortgage, then your wife will have to refinance the loan or sell the home.
Thanks
You need to check out whether or not your wife has refinanced the mortgage in her name. If she has refinanced the loan, then you won't be liable for it and don't have to include it in your bankruptcy filing. If you want to get rid of the mortgage, then your wife will have to refinance the loan or sell the home.
Thanks