 jveenstra
Community Experts
Joined: 10 Nov 2008
Posts: 340
Location: River Edge, New Jersey
85.80 Dollars($)
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 Posted: Mon Nov 02, 2009 2:03 pm Post subject: Deed |
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We do not really know "legal" issues oftentimes as we are mortgage people and not attorneys. Perhaps attorneys review this site and could provide some answers.
Many of us can give an opinion and that opinion could be based on logic or having experienced such a case.
My opinion is that quit claim deeding after judgments are filed does nothing to protect the property and the owners from the judgments. Doing a quit claim deed befoire the judgments may also accomplish nothing if the quitclaim occurred for some reasonable time frame before the judgments hit.
I base that opinion not on any legal knowledge or training. I base that opinion on the belief I have that one can not hide assets or transfer them for maybe up to three years before something occurs--like hiding or transferring assets before becoming eligible for medicaid or before entering anursing home or giving money to heirs before it becomes part of the estate, etc.
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John Veenstra
Senior Mortgage Consultant
Approved Funding Corp
41 Grand Avenue
River Edge, NJ 07661
800-475-0123 Ext 278
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