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| Consumer Bankruptcy Bankruptcy issues including Chapter 7 and 13. Protection from claims of creditors. |
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04-02-2007, 08:46 PM
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#1 |
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Is my spouse exposed even in a deed in lieu of forclosure?
I filed a chapter 13 in 2005, but my spouse did not. We have several rental properties (in the State of Ohio) that I have been thinking about giving back to the mortgage company (Deed-in-lieu of foreclosure). In the event, I give them back could & would my spouse be responsible for any remaining balance on the loan? I understand that once I give them back I am protected by the chapter 13, but is my spouse then exposed?
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04-04-2007, 12:06 PM
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#2 |
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Re: Is my spouse exposed even in a deed in lieu of forclosure?
Normally yes if he also signed the mortg docs.
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