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No, a mortgage is a debt, and can't be bankrupt. Only a debtor can be bankrupt, i. e., unable to meet obligations as they become due.
If you mean, can you file bankruptcy and either surrender the property (c. 7) or get caught up by a c. 13 plan, yes, of course.
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∙ 9y ago
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Can you get your bankrupt ex partner taken off your joint mortgage?
You would need to refinance your mortgage loan to remove the ex.
What are the dangers of refinancing a home mortgage?
There are many dangers of refinancing a home mortgage, one of the biggest ones is the possible loss of your home and going bankrupt. Meaning that one would lose all that they own.
Can you reafirm your 1st mortgage and file bankruptsy on your second mortgage?
That would be a good trick No if you go bankrupt all of you goes bankrupt, Unles you have freinds in high places. Can't spell and is dangerously wrong. You can only "cram down" the second mortgage in a Chapter 13, and only if there is no equity for the second to attach to. But it can be done if you meet those criteria. You don't "file bankruptcy" on a debt. You file bankruptcy and list all your debts.
Can you transfer a mortgage to another property if one party is now bankrupt?
No. The lender owns the mortgage. You can't make any changes.No. The lender owns the mortgage. You can't make any changes.No. The lender owns the mortgage. You can't make any changes.No. The lender owns the mortgage. You can't make any changes.
Where can one improve their bad credit due to mortgage rates?
One can pay off their mortgage and therewith reduce his overall debt. Bad credit may also be due to past history, for example if one has already declared himself bankrupt, he will have a bad credit score.
Can you get your bankrupt ex partner taken off your joint mortgage?
You would need to refinance your mortgage loan to remove the ex.
Can you go bankrupt on your 2nd mortgage without risking losing your home?
Nope.
If a mortgage company goes bankrupt can the company that bought them out legally collect on your old debt?
Yes.
How did wall street become bankrupt?
investing in high risk securities and they failed. subprime mortgage crisis
What are the dangers of refinancing a home mortgage?
There are many dangers of refinancing a home mortgage, one of the biggest ones is the possible loss of your home and going bankrupt. Meaning that one would lose all that they own.
Can you reafirm your 1st mortgage and file bankruptsy on your second mortgage?
That would be a good trick No if you go bankrupt all of you goes bankrupt, Unles you have freinds in high places. Can't spell and is dangerously wrong. You can only "cram down" the second mortgage in a Chapter 13, and only if there is no equity for the second to attach to. But it can be done if you meet those criteria. You don't "file bankruptcy" on a debt. You file bankruptcy and list all your debts.
Can you transfer a mortgage to another property if one party is now bankrupt?
No. The lender owns the mortgage. You can't make any changes.No. The lender owns the mortgage. You can't make any changes.No. The lender owns the mortgage. You can't make any changes.No. The lender owns the mortgage. You can't make any changes.
If my ex partner went bankrupt am I liable to pay her half of mortgage?
If it is in both of your names, and she is bankrupt...there are many variables. Do you plan on keeping the home? Do you live in it? Does she? Do you both? You will need to consult with an attorney in your area to find out your rights and responsibilities here. That is very important.
How does one prevent going bankrupt without a job?
The only way that one can prevent this from happening is to first of all whatever that you owe from the mortgage. Reshaping applications for a loan. Also, getting extra financial help from another source for mortgage is necessary.
How long does it take a bankrupt insurance co to do a runoff?
Depends on the type and length of the policies (yearly car policy vs. mortgage insurance vs. whole life).
Where can one improve their bad credit due to mortgage rates?
One can pay off their mortgage and therewith reduce his overall debt. Bad credit may also be due to past history, for example if one has already declared himself bankrupt, he will have a bad credit score.
Your partner and you want to buy your first home but you are Bankrupt is there anyway you can still do this together in the next year?
you and your partner can buy your home by selling your private assets or mortgage although it has its drawbacks,selling your private assets will help u raise some money for a start which will improve your mortgage application.
