Posted: Tue Jun 30, 2009 2:36 pm Post subject: Is it fraudulent to do a quit claim to avoid an anticipated
Is it fraudulent to do a quit claim to avoid an anticipated lien other than bankrupcy? My husband is suing someone, and the defendant's lawyer has threatened to "take everything you have" to cover his attorney's fees if my husband loses. I am not a party to the lawsuit (and ironically, I am the one with a job and paying the mortgage anyway). Can we quit claim the house into my name only legally to avoid the threat against my husband's property?
As far as I know, it will be considered as a fraudulent activity to transfer a property from one person to another just to avoid a lien. Before going in for any such transaction, you should consult an attorney. _________________ Procrastination is the enemy of your financial sucess
It may be depending on the laws of your state. However, probably the only penalty is having to transfer it back. check with a lawyer. _________________ Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation.
adonis
