Subject To and Bankruptcy

[Andrea Wieser]

A trust I manage purchased a house Subject to from a woman who was separating from her wife.  She wanted to keep her credit intact and couldn't afford the payments on her own.  Fast forward a couple months and she's lost her ever loving mind trying to get me to sign the house back to her, even trying to break in on more than one occasion.  Now she's filed for bankruptcy in an attempt I can only assume to have the court sell the property.  Unsure how to proceed - the mortgage is in place with the trust to make payments on the note she has with the bank and everything is current.  Any advice is helpful.

[Nathan Gesner]

Quote from @Andrea Wieser:

A trust I manage purchased a house Subject to from a woman who was separating from her wife.  She wanted to keep her credit intact and couldn't afford the payments on her own.  Fast forward a couple months and she's lost her ever loving mind trying to get me to sign the house back to her, even trying to break in on more than one occasion.  Now she's filed for bankruptcy in an attempt I can only assume to have the court sell the property.  Unsure how to proceed - the mortgage is in place with the trust to make payments on the note she has with the bank and everything is current.  Any advice is helpful.

Get an attorney immediately. This has potential to get very messy so you need to figure out how to protect yourself with the law.