QUESTION
On a deed of leu with forclosure, can the bank come back on you for the money?
Asked on Nov 28th, 2012 on Bankruptcy - Kansas
More details to this question:
I have to foreclose on my house. They told us all we need to do is go online and fill out a deed of leu form. Won't they still come back asking for the money. I think I should also file for bankruptcy . Clear everything out. How do I know if I even qualify for bankruptcy?
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
Reviews not shown
3 Awards
The way to determine if you're qualified for bankruptcy or if it is your best option, is to have a consultation with an experienced bankruptcy attorney in your area.
There is not enough information to answer your question about the deed in lieu, plus it will depend in part on your state's laws. You need to have a consultation with an attorney in your area.
Mark Markus has been practicing exclusively bankruptcy law in California since 1991. He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization, AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.
Answered on Nov 28th, 2012 at 2:55 PM