Posted on: 15th Dec, 2010 04:12 pm
I am listed on a deed with my brother but the property is occupied by my mother with a life estate. I was laid off over a year ago and alot of unsecured debt went into collection, We filled out a quitclaim deed at that time as I was worried they would try to put a lein on the property. I am going to file bankruptcy as all other options are beyond me. I do have my own home that I am making payments on. The quitclaim deed was never recorded at the Register of Deeds. Is the quit claim legal without being recorded? And is it possible the creditors will go after the property in the bankruptcy as it was not recorded?
Hi Highlife!
Welcome to forums!
As far as I know, the quitclaim deed is not valid unless it is recorded at the county recorder's office. If the quitclaim deed is not recorded, it means that you're still the owner of the property. Thus, you may have to list the property as an asset in your bankruptcy filing.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As far as I know, the quitclaim deed is not valid unless it is recorded at the county recorder's office. If the quitclaim deed is not recorded, it means that you're still the owner of the property. Thus, you may have to list the property as an asset in your bankruptcy filing.
Feel free to ask if you've further queries.
Sussane