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Credit Card Debt Judgment OHIO

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Rich Guest	Posted: Mon Sep 07, 2009 5:47 am    Post subject: Credit Card Debt Judgment OHIO Like 0 Dislike 0 I talked to 3 atty. I did not want to file Bankruptcy and I have Rental properties and my own house my wife is on the deeds but not on all the loans I asked if I Transfer them to her before a judgement is filed. They all said yes the creditor might try to get it un done .is this okay to do this? They said that she owns 50% even if they put a judgment on you they can't sell them without paying her and then will they sell for enough money to pay the First Mortage. Thanks Richard _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
savior70 Joined: 25 Mar 2009 Posts: 1895 Location: Florida 261.84 Dollars($)	Posted: Mon Sep 07, 2009 6:49 am    Post subject: Like 0 Dislike 0 Hi Richard, It's true that if you sign over the properties to your wife, the creditors can reverse the transfer. A transfer at this point in time will be considered as an attempt to avoid your creditors. If you sign any deed to transfer the properties, the deed will be considered as invalid. Thus, there's no point in transferring the properties to avoid the judgment. The credit card companies can sell your properties to recover their debts. However, they will have to pay off the primary mortgage first. So, they are likely to sell the property if there's enough value in it to satisfy the credit card debts after paying off the primary mortgage. If the property is worth less than what is owed on it, it's unlikely that they will sell the property.
renee Guest	Posted: Mon Nov 08, 2010 2:19 pm    Post subject: credit card judgement Like 0 Dislike 0 If a credit card company filed a judgement against you,you ansered stating you was witha debt consolidation company for 3 months,then turned around and had to file a chapter 13 ,how much are you protected by having a chapter 13,How far in your personal life can they dig into,for exp as far as bank accounts etc
Guest	Posted: Mon Nov 08, 2010 2:25 pm    Post subject: 2:19 pm Post subject: credit card judgement Like 0 Dislike 0 2:19 pm Post subject: credit card judgement ---------------------------------------------------------------------- ---------- If a credit card company filed a judgement against you,you ansered stating you was witha debt consolidation company for 3 months,then turned around and had to file a chapter 13 ,how much are you protected by having a chapter 13,How far in your personal life can they dig into,for exp as far as bank accounts etc Quick Reply Your Name Subject Message body All times are GMT - 7 Hours Page 1 of 1 Free ConsultationLoan Type: Mortgage Refinance Home Equity Loan New Home Loan Debt Consolidation Property State: AlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutDistrict of ColumbiaDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKent uckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMissis sippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming Property Type: Single family residence Multi-family residence Condominium Mobile home Manufactured home Credit Rating: Excellent Good Fair Poor Ask QuestionsCommunity Attorney Joshua Heard Houston, Texas Post Your detailed question here. HighlightsHelpful References • Mortgage Guide • Mortgage Terms • Mortgage News • Book Center • Shop and Compare lenders • 30 Yr. Fixed Vs. 5/1 ARM Our Community • MortgageFit Blog • Community Professionals • Community Rewards • Introduce yourself • Website tools Community Rewards • Five simple ways to earn money with the Mortgage Community. New and upcoming tools • Credit Repair Tool • Mortgage Planner • Simple Budgeting Tool

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