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Yes. But the deed and mortgage would have to be in her name. It would not be your property.
Yes. But the deed and mortgage would have to be in her name. It would not be your property.
Yes. But the deed and mortgage would have to be in her name. It would not be your property.
Yes. But the deed and mortgage would have to be in her name. It would not be your property.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYes. But the deed and mortgage would have to be in her name. It would not be your property.
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Will bankruptcy affect the co-owner of a house?
To me this is a pretty easy no. Once you get the report I would dispute it and make the bureau prove that your mom filed bankruptcy. They will not be able to so it will have to be removed. It sounds like the mortgage company got wind of the bankruptcy and told the bureaus that all of the owners of the house filed for bankruptcy. Are the co-owners married? If not, then the bankruptcy effects the owner to the extent that she (he, it) will need to get clear title since it cannot be sold unless the title (deed) gets cleared. Anyone out there knows what needs to be done? If two people own a house and one files bankruptcy - the bankruptcy can affect the other owner. First, if the house were to be sold or refinanced - the title company or lawyer (depending upon where you live) will search the local courts, where the bankruptcy procedures would be found. As long as the courts don't file an order that the house must be sold or anything like that then title company/lawyer will wait until the bankruptcy is discharged before proceeding. The way the deed is titled defines how real property is held and how it can be subjected to division or protection under bankruptcy laws or judgments. Every state has what is known as a homestead exemption, in the majority of bankruptcy cases this will protect property that is used as a primary residence. It is important however to know how the state of residency laws apply to joint ownership especially a "JTWRS" as opposed to a "TIC".
If you buy your mom's house but she will still live there does she have to remain on title?
If you buy something, then, it belongs to you, regardless of who you bought it from. Answer - She will no longer be on the title or mortgage.
If I file for bankruptcy can I still refinance my mortgage?
You would probably be better off refinancing your mortgage first and then applying for bankruptcy later on. My mom had to file for bankruptcy due to credit card debt she could not pay.
What happens if my mom cosigned on an auto loan and I file for bankruptcy?
Your mom will be responsible for the debt and if she does not pay it could affect her credit, she could be placed with a collection agency or sued in court.
Will it help your credit if your mom co-signs for you on a car loan after filing for bankruptcy?
depends on who the lender is and how you pay it off. with most lenders(sub prime) you can get the loan anyway if you pay more down.
What companies have filed bankruptcy in Michigan?
While many small companies (mom and pop) business have declared bankruptcy the biggest is GENERAL MOTORS who declared bankruptcy.
How do you make Mom move out?
Buy her a house.
What does Justin want to buy his mom?
a house
Where to buy gears of war lancer?
Your mom's house
Will bankruptcy affect the co-owner of a house?
To me this is a pretty easy no. Once you get the report I would dispute it and make the bureau prove that your mom filed bankruptcy. They will not be able to so it will have to be removed. It sounds like the mortgage company got wind of the bankruptcy and told the bureaus that all of the owners of the house filed for bankruptcy. Are the co-owners married? If not, then the bankruptcy effects the owner to the extent that she (he, it) will need to get clear title since it cannot be sold unless the title (deed) gets cleared. Anyone out there knows what needs to be done? If two people own a house and one files bankruptcy - the bankruptcy can affect the other owner. First, if the house were to be sold or refinanced - the title company or lawyer (depending upon where you live) will search the local courts, where the bankruptcy procedures would be found. As long as the courts don't file an order that the house must be sold or anything like that then title company/lawyer will wait until the bankruptcy is discharged before proceeding. The way the deed is titled defines how real property is held and how it can be subjected to division or protection under bankruptcy laws or judgments. Every state has what is known as a homestead exemption, in the majority of bankruptcy cases this will protect property that is used as a primary residence. It is important however to know how the state of residency laws apply to joint ownership especially a "JTWRS" as opposed to a "TIC".
Where can you buy large gauge ear jewelry plugs?
your mom's house
Did Eminem buy his mom a house when he first became famous?
no he did not he hated his mom she was a alcholoc so she didnt deserve it.
Why was Mexico in bankruptcy?
because your mom farted
What are Justin biebers hopes and dreams for the future?
He wants to buy his mom a house.
How can a teem mom move out of her alcoholic household?
buy a cheap house that is on the market
How do you qualify for chapter 7 bankruptcy exemptions?
you did your mom
Can buy a plane ticket on run after taking off house arrest bracelet?
what your mom
