My question involves bankruptcy in the state of: California

Almost 15 years ago my brother and I bought a property as joint tenants. The previous owner is carrying the papers on the property. I got married and my brother kept paying and living there. My husband and I bought a house. Long story...current house is being foreclosed. We are moving back to the property I have with my brother. We plan on filing Ch. 7 BK. I understand that I will get a $75000 homeowners exemption and due to the lack of equity in the property, we all will be able to stay and live on the property.

My question is: What will the previous owner/mortgage holder be told about my BK? Will we have to "reaffirm"?