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WALLSTREETESQ
WALLSTREETESQ, Attorney
Category: Bankruptcy Law
Satisfied Customers: 17080
Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
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can you put up a house on a bond if it is in bankruptcy ?

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can you put up a house on a bond if it is in bankruptcy ?

WALLSTREETESQ :

Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarificati on

WALLSTREETESQ :

As long as you are the legal owner of the home while filing for the bond you are fine,

WALLSTREETESQ :

if the bond company has any language stating you cannot be in a bankruptcy it would be an issue, however, as long as the title is in your name you are the owner, the bankruptcy only discharges the mortgage, not your ownership rights.

WALLSTREETESQ :

If in the bankruptcy the trustee acquires title of the property, you would be obligated to notify the bond company,

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Thank You - I appreciatethe response....

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