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Anyone know the answer to this???

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    Anyone know the answer to this???

    I am filing bk on my credit cards and i have a rental property that will be going also.My question is that on the rental property my wifes name is only on title not on the loan so that would mean that she is not responsible for the debt correct? From what i thought is that in michigan the spouse has to be on title but are not responsible for the loan

    #2
    Originally posted by motox View Post
    My question is that on the rental property my wifes name is only on title not on the loan so that would mean that she is not responsible for the debt correct?
    Since Michigan is not a community property state, if your name is the only one on your rental property mortgage, then your wife can't be held responsible for the unpaid mortgage debt if you file Ch 7 and surrender the rental property.
    I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

    06/01/06 - Filed Ch 13
    06/28/06 - 341 Meeting
    07/18/06 - Confirmation Hearing - not confirmed, 3 objections
    10/05/06 - Hearing to resolve 2 trustee objections
    01/24/07 - Judge dismisses mortgage company objection
    09/27/07 - Confirmed at last!
    06/10/11 - Trustee confirms all payments made
    08/10/11 - DISCHARGED !

    10/02/11 - CASE CLOSED
    Countdown: 60 months paid, 0 months to go

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