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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Ask your title officer Posted by Ward-CA- on July 12, 2003 at 7:08 PM In Reply to: bankruptcy posted by rick on July 11, 2003 at 1:06 PM : What could happen if I buy a property from an owner who has defaulted on his loan, and he gives me the Deed to the property in exchange for a few thousand dollars, and later I discover that right before the owner gave me the Deed to the property he filed for chapter 13? Would I still own the property? What are the consecuences of the bankruptcy on me, the new owner? ========================== Rick, What you need to know is what your title company is going to require of you when you want to refi or resell the property. So I would talk with the title officer you deal with and ask what steps you need to take now so your future refi/resale goes smoothly. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : What could happen if I buy a property from an owner who has defaulted on his loan, and he gives me the Deed to the property in exchange for a few thousand dollars, and later I discover that right before the owner gave me the Deed to the property he filed for chapter 13? Would I still own the property? What are the consecuences of the bankruptcy on me, the new owner? : ========================== : Rick, : What you need to know is what your title company is going to require of you when you want to refi or resell the property. : So I would talk with the title officer you deal with and ask what steps you need to take now so your future refi/resale goes smoothly. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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