Hello. I have been reading this forum for quite a while, and this is my first time posting. I have charged off significant cc debt going on 3 years, with sporadic calls from one collector on one account that I always hang up on. I suppose I should have filed BK, but have been riding this out this long, it has yet to make a difference.
Here's the rub: I recently discovered that although I am asset-less, I am an 8.33% owner of my mothers house, worth somewhere north of 325k. She discovered this recently, and my 2 other siblings were equally surprised. Not that we care, because we always thought she was the only one on the title, and it would be willed to the 3 of us some day (hopefully a long time from now).
My question is, what concerns should I have regarding collectors who may or may not have information regarding this surprising situation. Should I quit claim immediately and sign my 8.33% back to my mother, or should continue to whistle past the graveyard of my debts? Thanks, this forum is invaluable...
Here's the rub: I recently discovered that although I am asset-less, I am an 8.33% owner of my mothers house, worth somewhere north of 325k. She discovered this recently, and my 2 other siblings were equally surprised. Not that we care, because we always thought she was the only one on the title, and it would be willed to the 3 of us some day (hopefully a long time from now).
My question is, what concerns should I have regarding collectors who may or may not have information regarding this surprising situation. Should I quit claim immediately and sign my 8.33% back to my mother, or should continue to whistle past the graveyard of my debts? Thanks, this forum is invaluable...
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