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Quitclaim Deed reverse question

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rcrowell Joined: 17 Feb 2011 Posts: 1 1.34 Dollars($)	Posted: Thu Feb 17, 2011 9:59 pm    Post subject: Quitclaim Deed reverse question Like 0 Dislike 0 I live in Missouri and because of my health and oweing my daughter a lot of money, I quitclaim deeded my home to her. I had credit card debts at the time and now they are coming after me. Can the debtors go after my daughter now? Can she quitclaim deed the property back to me, so I can sell and repay my debts? Would this be the best solution here? I cannot work and selling the property is the only way I can repay my debts. I just want to protect my daughter from being sued. Thank you
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Thu Feb 17, 2011 11:39 pm    Post subject: Like 0 Dislike 0 Welcome rcrowell, As the credit cards are solely in your name, your creditors won't be able to go after your daughter. It will be your daughter's discretion whether or not she will quitclaim the property to you so that you can sell it off to repay the debts. You can go for the option of credit card debt settlement in order to pay off the debts. _________________ Procrastination is the enemy of your financial success

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