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WiseOwl58
WiseOwl58, Lawyer
Category: Real Estate Law
Satisfied Customers: 3618
Experience:  Experienced real estate lawyer and real estate broker.
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My name is ***** *****. My issue is that I have a first

Customer Question

Hello, my name is ***** *****. My issue is that I have a first mortgage that I am current on but my 2nd is in default. It was sold some time ago to Real Time Resolutions. They are horrible to deal with. The 2nd is actually in my ex-mother-in-laws name and she is wanting to declare bankruptcy. How ill that affect my home?? The 1st mortgage is in my name.
JA: Thanks. Can you give me any more details about your issue?
Customer: Such as?
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Submitted: 8 months ago.
Category: Real Estate Law
Expert:  WiseOwl58 replied 8 months ago.
If she is on the second and declares bankruptcy, but you are on the title of the house, it cannot affect your rights as homeowner. That is because she cannot pledge the house that she does not own, since she is not on title. They cannot foreclose on a house that is not pledged to them.
Customer: replied 8 months ago.
Thank you! Her name is ***** ***** deed but if we take her off and then she declares bankruptcy I'd be safe?
Expert:  WiseOwl58 replied 8 months ago.
Yes you will be perfectly safe if you do that.Now, please rate 4 or 5 aand close out the question. thanks.
Expert:  WiseOwl58 replied 8 months ago.
Now, please rate 4 or 5 and close out the question. Good luck to you. I wish you all the best.
Expert:  WiseOwl58 replied 7 months ago.
Please rate 4 or 5 and close out the question. Good luck to you. I wish you all the best.

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