Open Question: Get answers from millions of real people.?

[Administrator]

Can you quit claim in the property in the property that has a mortgage. The mortgage has no arrears but 4 people in the title 50%-50% ownership. These was refinanced 3 times and used by other partners that own 50%.Partners are not making any mortgage payment after all the deductions of refianance money they have taken out and did not contributing for the last 6 months, they said they are going for bankruptcy.there is mortgage in the account and 25% left in the equity,but the income of the couple is not met to be approve to these mortgage, but they have ways to pay for these because they will rente some room of the house and they can handle the payment regularly.Only they are afraid if their partner file bankruptcy. Can they still do quit claim in the deed of the property? What is the best things to do for these property. Sell or keep it? Can the other partner credit card lenders can touch these principal property?All of them lived in the same house. and they are relatives


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