When you consult an attorney, that attorney will have the advantage of asking "what are you talking about." Then the attorney could review contracts and insurance polices and give you an answer.
If the property is still in your name, you can sell the property again. The buyer breached the contract by not transferring the title into their name. Or you can sue the buyer for all rent collected since the close of the sale which will put him on notice to record the title, or you can just simply include the house in your bankruptcy. This issue is that you don't owe the buyer anything because their little game to not record title has consequences to both of you. To him, to lose title. To you, tax liability and casualty loss if anyone were to get hurt on the property. In fact you may want to insure the property before you do anything.
But you didn't sell it. If you had, it wouldn't be in your name.
If you signed a contract agreeing to sell the house and collected the payment, look out because you're in breach of contract for failing to deliver what you agreed to sell.
The investor has tried to save money by "not" titling the property. This also leaves a property tax liability on you if he has not paid it. Looks like he has gambled on saving a little money by not spending a little. If you take bankruptcy and he has not registered the deed, he will lose your house. Unless he has sold it, at which time whomever the current owner is will be the loser. No worries for you. You sold it. It's up to them to get it properly titled. You will have no liability on the house or their losses..
Answers & Comments
if the title never changed hands then it is still your house and can be taken as part of the bankruptcy, give the new "owners" the title, quick!
If the house is in your name then you never sold it. Who in their right mind would buy a house and not take title to the house?
your bk attorney will handle this as part of the bk.
and no, you don't get it back.
How could you have sold anything if it's in your name? Legally its still yours.
When you consult an attorney, that attorney will have the advantage of asking "what are you talking about." Then the attorney could review contracts and insurance polices and give you an answer.
If the property is still in your name, you can sell the property again. The buyer breached the contract by not transferring the title into their name. Or you can sue the buyer for all rent collected since the close of the sale which will put him on notice to record the title, or you can just simply include the house in your bankruptcy. This issue is that you don't owe the buyer anything because their little game to not record title has consequences to both of you. To him, to lose title. To you, tax liability and casualty loss if anyone were to get hurt on the property. In fact you may want to insure the property before you do anything.
But you didn't sell it. If you had, it wouldn't be in your name.
If you signed a contract agreeing to sell the house and collected the payment, look out because you're in breach of contract for failing to deliver what you agreed to sell.
You must not have used a title company. Did you sign a deed?
If you sold it, why is it still in your name? If you own the asset, even if it is only in name, it will be included in the bankruptcy.
The investor has tried to save money by "not" titling the property. This also leaves a property tax liability on you if he has not paid it. Looks like he has gambled on saving a little money by not spending a little. If you take bankruptcy and he has not registered the deed, he will lose your house. Unless he has sold it, at which time whomever the current owner is will be the loser. No worries for you. You sold it. It's up to them to get it properly titled. You will have no liability on the house or their losses..