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I'm guessing that you need to CALL an attorney NOW. Sounds like a collector and/or repoman has been telling you what they think you need to hear. (Blowing Smoke)

No one blowing smoke, just trying to see if one can avoid having a jointly owned house attached to a deficiency judgement?

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Q: If your car was just repossessed and you own a house can you quit claim your interest in the house to the person who owns the other half interest?
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Related questions

What happens if you get your car repossessed?

if i get my car repossessed, can they put a llien on the house?


How does a home get repossessed?

A home can get repossessed in many ways, the most common reason is that they owner of the house has not payed the bank the loan that they took out so as to by the house, or that the person hasn't pay many bills so they take the equivalent of the unpaid bills.


Can I sign off my partner on the title to the house?

If your partner acquired her interest by virtue of a deed then the answer is no. The only person who can "sign off" their interest in the title to property is the person who own the interest.


You want your house repossessed?

no i dont think any body would like their house repossessed because that will mean your a tramp, then u will be put in a dangerous place .. :'(


Can your ex partner who moved into your house claim half of your house we have 3 small children the house was mine when we met?

Unless you conveyed a portion of the house or were legally married, the former partner has no interest in your property.


If you have never had a car repossessed you have had a house repossessed Can I still get a car loan?

Most likely not depending on what financial situation you're in.


What happens if a police officer's house is repossessed?

then theyre out of a home


Can my house be repossessed if my husband is madebankrupt but is not on the deeds?

Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.


When interest rates are low the average person will?

Borrow more, or Buy a second house.


Can a house be resolved and the arrears paid after it is repossessed?

It is possible to work out a deal with the bank after it is repossessed. However, a new loan or legal agreement will have to be signed.


Can you be sued after your house is repossessed?

In general, yes, if you haven't files bankruptcy.


You have ins on a home that you signed a deed transferring home to a buyer at noon but at 1215 a fire burned house down and ins was not cancelled based on insurable interest will ins co pay claim?

Yes, they will pay. Insurable interest is a question at the time the policy is sold, not at the time the claim happens.