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This is a common question, especially when done as a form of asset protection. The ability for the bankruptcy courts to bring the real estate asset into the proceedings will depend on a few factors. A few of those being if the asset was transferred less then 12 months prior to the bankruptcy, do the "old owners" still live in the property, and/or if there is a mortgage or other debt for which the property is subject to.
Lastly, there are some people that attempt to quit claim property as an attempt to hide or shelter assets, both in bankruptcy and divorce matters, and if the courts suspect such they can create a hold new legal problem for both the "old owners" and the new deed holder.
What else can I help you with?
Can you co sign on a house after bankruptcy?
A person that files for bankruptcy will more than likely have their credit score decline. This will not make them a good candidate for being a cosigner.
Can you file bankruptcy on your house if already in foreclosure?
Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.
How does surrendering your house in chapter 7 affect your credit report?
If you are surrendering your house anyways, it is usually better for your credit score if you do it through bankruptcy. If your house is foreclosed on before you file bankruptcy, then your credit score is hit by both the foreclosure and the bankruptcy. If you let your house go back through bankruptcy, instead, then your credit score is only hit by a bankruptcy.
Can you buy a house if you have filed bankruptcy?
No.
Will bankruptcy payment be lowered when house payment is out of default?
Yes. in support with your bankruptcy lawyers experts.
What if there was a will and house was deeded to wife upon his death what about the contents of the house?
What if there was a will and the house was deeded to the wife what about the contents of the house?
Can you be sued after your house is repossessed?
In general, yes, if you haven't files bankruptcy.
Who files papers with the court house to take a lien off a property after a bankruptcy court discharges what you owe on the lien?
Your bankruptcy lawyer.
Can you co sign on a house after bankruptcy?
A person that files for bankruptcy will more than likely have their credit score decline. This will not make them a good candidate for being a cosigner.
Can the Owner get deeded house back?
The owner of a deeded home can get the home back if the home is in his or her name. The taxes must be paid on a deeded home in order for it be a clear deed.
If a house is in foreclosure can it be quit claim deeded to someone else?
No. That would only complicate the situation and result in more legal expenses that will be passed on to you eventually.
If your house is paid for will you lose it if you claim bankruptcy?
yes another answer: you can't lose your primary residence; also - homestead it.
Can you claim a chapter 13 bankruptcy if you have any equity in your house?
Yes. That is probably one of the times this would be the correct Chapter to use.
If someone is in a rent to own agreement and files bankruptcy will i lose my house?
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.
Is deeded a word?
No, deeded is not a word whoever asked this question because deeded is already pural. Of course "deeded" is a word. The asker is referring to the verb "deed", not the noun "deed" hence its pluraliity has no bearing as a verb cannot be plural. "The grandfather deeded his house to his grandson."
If siblings own a house inherited from deceased parents and one files bankruptcy how does that work?
Do both sibblings live in the house? If not, You might want to buy the the other sibblings half of the house. Or at least have him or her sign it over to the other sibbling or the house might be in danger of forecloser if one sibbling files bankruptcy...If you don't have the money to buy the other half, it is always a possibility to refiance to pay off the other sibbling......Talk to an attorney,fast.
If two people own a home and are in the process of divorcing and one files bankruptcy on the house will the soon to be ex-spouse be effected?
You are a joint owner in the house, and presumably on the mortgage as well. The bank can come after you for the liability on the house.
