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Old 08-04-2009, 11:51 AM
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Default Home loan question about titles and foreclosures.?

My father and I recently purchased a home for myself together. We are both on the title and the loan. My father's business has hit the tank and I am wondering what will happen if he has to file Chapter 11. He is going to do a quick claim deed transfer over to me before this occurs, but what would happen if he did not do this? Would the bank automatically transfer deed totally to me? Would they take his share of the equity? Just curious...
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