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Is it too late for a quick claim deed after foreclosure notice?

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Guest	Posted: Mon Jul 05, 2010 12:02 pm    Post subject: Is it too late for a quick claim deed after foreclosure noti Like 0 Dislike 0 Hello, If our son is on the title of the property and we were all served a foreclosure notice while we were trying to rent the property out...would we be able to quit claim him? We thought we were helping him by having him be able to benefit in 10 yrs from some investment when we sold it. He is only 26 and we are heartsick about his credit future. Thank you
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Mon Jul 05, 2010 8:11 pm    Post subject: Like 0 Dislike 0 Hi Guest, As you've already been served with foreclosure papers, any transfer of property now will be considered as fraudulent. You can be penalized for it if you transfer property now. Thus, in my opinion, it won't be a good option to sign a quit claim deed and transfer property to your son. Thanks

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