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can a property be given to someone as a gift of equity while it is in bankruptcy
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Icon Mini Profile moneymary1



Joined: 14 Aug 2008

Posts: 2



1.48 Dollars($)
PostPosted: Thu Aug 14, 2008 7:11 am    Post subject: can a property be given to someone as a gift of equity while
My sister is in trouble with bankruptcy court and would like to give me the house through a gift of equity. Can she do that and if so how?
 
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Icon Mini Profile moneymary1



Joined: 14 Aug 2008

Posts: 2



1.48 Dollars($)
PostPosted: Thu Aug 14, 2008 7:12 am    Post subject:
can a property be given to someone as a gift of equity while it is in bankruptcy
 
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Icon Mini Profile ckalvesmaki

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Joined: 28 Jan 2006

Posts: 378
Location: Dallas


56.65 Dollars($)
PostPosted: Thu Aug 14, 2008 10:05 am    Post subject:
it would be more than likely viewed as a fraudulent transfer....and could get her into serious trouble.....she needs to speak with her BK attorney.
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Cedric Kalvesmaki
***Professional Disclaimer***
While I am a Mortgage Professional, this advice is generic in nature only.

888-383-9019

emails and PMs gladly answered
www.freedommortgagetexas.com

Freedom Mortgage
I live in TX but cover all 50 states
 
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