New Jersey | Bankruptcy
1/12/01, 12:00 pm
Legal Question
2 houses with different co-owners
My father bought a house (fully paid for) and included my name on the title for tax purposes(he does not work and i was at the time) and I own another house with my brother and his wife as co-owners. My father and I have a home equity line of credit that he pays every month, the house that my brother and I bought is current with the mortgage payments(that he pays by himself since I do not have a job at the moment), If I apply for chapter 7, would they liquidate both houses even though they're current with the payments, would my father lose his house? Can my brother assume all responsibilities?
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Read More Answered By: Robert Gleaner |
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