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Which deed do I need to use to protect my primary residence from a potential lien?

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gina0912 Joined: 02 Aug 2011 Posts: 1 1.27 Dollars($)	Posted: Tue Aug 02, 2011 4:11 pm    Post subject: Which deed do I need to use to protect my primary residence Like 0 Dislike 0 If I want to protect my primary residency from a possible lien by the second house' mortgagor, which deed transfer be better..the warranty or the quitclaim?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Wed Aug 03, 2011 8:28 pm    Post subject: Like 0 Dislike 0 Hi gina, If there is no other mortgage in your property, then you can use a warranty deed in order to transfer the property. However, I think it will be a better option to place the property in a trust which will help you in saving the property from a lien. _________________ Procrastination is the enemy of your financial success
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 516 Location: Australia 82.74 Dollars($)	Posted: Thu Aug 04, 2011 2:04 am    Post subject: hi gina0912 ! Like 0 Dislike 0 Consult for a mortgage broker to be able to have a good assessment on your case since there are certain factors that you have to take a look first for you to know what you can really do to protect your primary residency. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker

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