i own a house in maricopa county az. The title is in my name only however the mortgage is being carried by my x boyfriend with citibank. If my x boyfriend files bankruptcy will it endanger me and my home or effect me in anyway?
1 Answer from Attorneys
Creating title in one person's name... and the mortgage in another person's name sounds a little like an attempt to defraud a creditor... without knowing more information, it is difficult to advise you... if you boyfriend decides to discharge the loan in bankruptcy... citibank will surely want its security interest... and its security interest is the house you live in.... My recommendation is that you get the mortgage in your name by qualifying for the mortgage with Citibank so that you protect your interest in the house.... then you wont have to worry about what your ex boyfriend does with his credit situation and his debts.
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