Legal Question in Real Estate Law in California
Real state
My wife and I bought our house from My sister inlaw and her husband. We gave them the difference to what the house was worth and we took over the loan. This was 6 years ago. 6 months ago I added ourselfs to the title. Now they are separating and he is declaring bankrupcy. What can we do to get all this straighten out ? Can we be added to the loan? We been paying the mortgage and taxes, never late, for the last six years.
Asked on 4/15/09, 1:24 am
1 Answer from Attorneys
Terry A. Nelson
Nelson & Lawless
Re: Real state
Good luck, you've got a real mess. The bankruptcy court is going to have to sort out the truth, and you risk losing your 'investment'. Get a good attorney to handle the court proceedings. If you're serious about doing so, and if this is in SoCal court, feel free to contact me.
Answered on 4/15/09, 1:09 pm