Ask Experts Questions for FREE Help !
Ask
    DianaEspino's Avatar
    DianaEspino Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 10, 2010, 03:17 AM
    What can I do if the person to whom I bought a house never recorded my contract deed
    I need to know if he never recorded my contract deed what can I do this person now declared himself bankrupt and my house went foreclosure he didn't sign me as the second interested person can anyone give some advice I have spent too much money
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Aug 10, 2010, 04:23 AM

    I'm afraid you are stuck here. Normally a contract for deed is not recorded, though it can be. But even if it was recorded, it would take a second position behind the mortgage. Unless the house is sold for more than the balance of the mortgage you may get nothing.

    You can still record the contract yourself. Normally this is the buyer's responsibility anyway. You can also try negotiating with the lender to see if you can get the mortgage assigned to you.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Does a contract for deed need to be recorded with county recorder [ 5 Answers ]

Property is located in hamilton county and the state of Ohio. The seller and the buyer have come to an agreement for a contract for deed. Seller and buyer know each other.1). Can the seller and the buyer agree that there will not be any interest on the mortgage. The title for the property is clear...

Can one person on the house deed kick the other person out that is also on the deed? [ 2 Answers ]

If a married couple are both on the deed to their home and both are living in the home, can one kick the other out of the home?

Contract for deed on a home bought off a friend [ 13 Answers ]

I purchased a home from a friend for 25,000 and paid 2,000 down at time of signing of contract. Now , he also sold it to me with no interest and also I can pay lump sum to pay off faster if wanting to. How long before I have equity , the home is appraised for 33,000 also?

I just bought a house do I get copy of deed? [ 1 Answers ]

I just bought a house do I get a copy of the deed. Have a 30 yr mortgage.

Selling a House that is under Contract for Deed [ 5 Answers ]

What a great site for information, I hope that others don't mind giving me their insight on our situation... I have spoken with my attorney and gotten his opinion, but like everything there are 3 ways usually to do one thing. We bought a house 3 years ago from friends of my inlaws with a...

View more questions Search