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katct
Guest
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 Posted: Sun Nov 01, 2009 7:07 am Post subject: quit claim with life estate |
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If I quit claim my home with life estate to one of my sons now and I get sued personnally in the future can they put a lien on the property?
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 gunzijjistaff
Joined: 07 Apr 2009
Posts: 608
14.88 Dollars($)
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| Posted: Sun Nov 01, 2009 9:14 am Post subject: |
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If you have already lien on property & you wish get out of it, while you quite claiming your property to your son. You can refinance this loan to your sons name with property then they will be responsible for the this properties lien.After that you are not related with property or lien.
Thanks.
gunz.ijjistaff |
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raymond
Community Experts
Joined: 03 Jul 2009
Posts: 850
Location: Orange County, CA
131.37 Dollars($)
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| Posted: Sun Nov 01, 2009 12:58 pm Post subject: |
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You can't Quit Claim the Title. The "life tenant" gave you the Life Estate, and it terminates upon your death. It can't be left to heirs or inherited.
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Raymond
www.ResponsibleReverseMortgages.com |
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