Sorry, but I don't see how this could happen. Was your ex granted the house in the divorce proceedings. Or were you still on the title? If you want to email me perhaps we could sort it out together. You're best option would be to contact the attorney who handled your divorce. The house should have gone into the bankruptcy proceedings unless it was covered by exemption and the loan was reaffirmed by your ex. This sounds ver odd and complicated.
my brother filed then got married she has good credit but no job. they bought one a year after he filed but had to have a large down payment.
Absolutely not legal.
Buy a House but Result in Large Interest Payments - Apex
Many REITs, particularly the ones that are filing for bankruptcy, operate using large amounts of leverage. When the asset values (real estate) are decreasing in value rapidly, the large amounts of leverage can cause the REIT to have their liabilities outweight their assets (often illiquid) which leaves zero value to the equity. In this case it may be particularly unlikely that you will receive anything from the bankruptcy but you will need to follow the ruling from the bankruptcy court to know for sure.
How a home is handled in bankruptcy depends on the type of BK filed, state or federal or a combination of the two. In chapter 7, all nonexempt assets are liquidated to pay creditors. The state or federal homestead exemption would apply in regards to the home. In a chapt. 13, debts are consolidated and a payment plan of 3-5 years is set up to repay creditors. And any secured debts are usually reaffirmed with the lender. You can refer to the bankruptcy statues of your state to ascertain if your home is protected by the homestead exemption amount.
Like anyone else. A large proportion of BK filed are by military.
my brother filed then got married she has good credit but no job. they bought one a year after he filed but had to have a large down payment.
Absolutely not legal.
No!A REAL ANSWERThe mortgage company has no legal responsibility for any repair or fault within your house. All they did was lend you money. BUTIf you have equity in your house they may be willing to "RENEGOTIATE" your mortgage to help you pay for any large repair.
No, that's the point of filing bankruptcy. Suing him would be in violation ofthe permanent stay against creditors including you. He can have the bankruptcy court stop the suit and allow him attorney's fees and even damages.If you had grounds for objecting to dscharge, you should have filed an objection with the court.
Buy a House but Result in Large Interest Payments - Apex
You will not lose your house unless there is a large amount of equity in it. You will need to reaffirm your rent to own agreement, however.
Normal time limit would be sixty to ninety days. It is quite possible that said time frame will become much longer due to the large volume of bankruptcies that were filed in an effort to beat the new bankruptcy law deadline of Oct. 17. 2005.
Always file for bankruptcy as soon after getting a large sum of money as you can.
Maybe, but unlikely...the basic Q is was it done in anticipation of bankruptcy.
The View Point Inn at 40301 East Larch Mountain Road, Corbett, Oregon. A large part of the building was destroyed by a fire in 2011. The owners filed for bankruptcy and repairs have not been made.
Many REITs, particularly the ones that are filing for bankruptcy, operate using large amounts of leverage. When the asset values (real estate) are decreasing in value rapidly, the large amounts of leverage can cause the REIT to have their liabilities outweight their assets (often illiquid) which leaves zero value to the equity. In this case it may be particularly unlikely that you will receive anything from the bankruptcy but you will need to follow the ruling from the bankruptcy court to know for sure.