Settlement with trustee - question re quitclaim of property
Posted: Mon Dec 17, 2012 2:44 pm
Co-owner is on the loan and has paid it for years.
Holly Roark
holly@roarklawoffices.com
www.roarklawoffices.com
Central District of California
Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600
Los Angeles, CA 90067
T (310) 553-2600
F (310) 553-2601
On Mon, Dec 17, 2012 at 3:51 AM, PHiLiP E. KOeBeL, Esq.
wrote:
> **
>
>
>
> I think you also have to quitclaim from the Debtor to your Client or else
> the County's Records will continue to show the Debtor as part owner...
>
> what is happening to the secured debt? is your Client assuming
> responsibility for the secured debt?
>
>
> On Sun, Dec 16, 2012 at 11:26 PM, Holly Roark wrote:
>
>> **
>>
>>
>> Debtor did not claim an exemption.
>>
>> Title insurance has instructed nothing yet.
>>
>> Holly Roark
>> holly@roarklawoffices.com
>> www.roarklawoffices.com
>> Central District of California
>> Consumer Bankruptcy Attorney
>> 1875 Century Park East, Suite 600
>> Los Angeles, CA 90067
>> T (310) 553-2600
>> F (310) 553-2601
>>
>>
>>
>>
>> On Sun, Dec 16, 2012 at 9:47 PM, Office wrote:
>>
>>> **
>>>
>>>
>>> 1. Did the debtor claim an exemption as the property ?
>>>
>>> 2. What has the title insurance co instructed?
>>>
>>> Sent from my iPhone
>>> Law Office of Eric Alan Mitnick
>>> (310) 792-5864 MitnickLaw@aol.com
>>> Communications and attachments may be confidential and attorney-client
>>> privileged.
>>>
>>> On Dec 16, 2012, at 8:24 PM, Holly Roark wrote:
>>>
>>>
>>>
>>> I represent a nondebtor co-owner (joint tenant) of real estate that is
>>> in a bankruptcy estate. Co-owner wants to buy the estate's equity in
>>> exchange for sole title to the property, and we've agreed on a settlement
>>> sum. Upon the purchase of the estate's equity, the trustee will quitclaim
>>> the estate's interest to my client. Is this sufficient to take the Debtor
>>> off title as well, or do I need the Debtor to also quitclaim her interest
>>> to my client?
>>>
>>>
>>> Holly Roark
>>> holly@roarklawoffices.com
>>> www.roarklawoffices.com
>>> Central District of California
>>> Consumer Bankruptcy Attorney
>>> 1875 Century Park East, Suite 600
>>> Los Angeles, CA 90067
>>> T (310) 553-2600
>>> F (310) 553-2601
>>>
>>>
>>>
>>
>
>
Co-owneris on the loan and has paid it for years.Holly Roark
holly@roarklawoffices.com
www.roarklawoffices.com
Central District of California
Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600
Los Angeles, CA 90067
T (310) 553-2600
F (310) 553-2601
On Mon, Dec 17, 2012 at 3:51 AM, PHiLiP E. KOeBeL, Esq. <lawofpek@gmail.com> wrote:
I think you also have to quitclaim from the Debtor to your Client or else the County's Records will continue to show the Debtor as part owner...what is happening to the secured debt? is your Client assuming responsibility for the secured debt?
On Sun, Dec 16, 2012 at 11:26 PM, Holly Roark <hollyroark22@gmail.com> wrote:
The post was migrated from Yahoo.