Legal Question in Real Estate Law in Arizona
Mortgage..two signers....one goes bankrupt
Hi,
I am divirced and in the settlement my ex signed a Quit Claim Deed for a home in exchange for other property. Our divorce has been final for years; however, the mortgage is still in both of our names. Now my ex is declaring bankruptcy. How does that effect the mortgage, my credit standing, and what will or could the mortgage company do? I have never missed a payment and plan to continue paying the mortgage on time.
Thank you in advance...
1 Answer from Attorneys
Re: Mortgage..two signers....one goes bankrupt
This is not a real estate question, but a consumer law / bankruptcy subject. Re-submit under that category.
It does not appear that you will be affected, and it does not appear that you can do anything anyway. I am not sure what your concern is, other than idle curiosity.
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