Asked by Alissa, Arizona • Tue Aug 4, 2009
My father and I recently bought a house for me. Because times were so tight, I needed him on the loan (and also on the title) in order to qualify. I now have the house and I pay all the bills myself. My father's business has now tanked and he is considering filing for bankruptcy.
My father states that if he files a quit claim on my house he can be removed from the title and not the loan. Is there any way my house can be taken from me now? I am not deliquient on any charges and will not be in any foreseeable future.
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