Posted on: 19th Dec, 2005 12:17 pm
Hi,
I am my husband's second wife. He is currently paying child support, however he has some arrears( inBoston). We are about to purchase a home and I am afraid that a lien will be placed againt my new home ( in NC) for those arrears. Can my husband sign a quit claim to surender his rights to the property so that only I have claim to any equity or financial interest once its sold in a 5 to 10 years?
I am my husband's second wife. He is currently paying child support, however he has some arrears( inBoston). We are about to purchase a home and I am afraid that a lien will be placed againt my new home ( in NC) for those arrears. Can my husband sign a quit claim to surender his rights to the property so that only I have claim to any equity or financial interest once its sold in a 5 to 10 years?
my mother put my name on her quick claim deed and because of hardship i will be filing for bankrupty soon. can they put a lien on her property if my name is on her quick claim deed?
Hi katy,
Your query has been answered in the given page:
http://www.mortgagefit.com/quitclaim/deed-mother-property.html
Take a look at it. Hope it helps you.
Thanks
Your query has been answered in the given page:
http://www.mortgagefit.com/quitclaim/deed-mother-property.html
Take a look at it. Hope it helps you.
Thanks
My friend and me bought a condo in 2009 both our names are on the mortgage and on the deed. We did a quit claim because i am in debt my friend thought it would be best to do this so there wouldn't be a lien on the condo. My question is since I am on the mortgage do I still own or have rights to the condo?
Hi lam,
Unless your name is mentioned on the property deed, you won't be considered as the owner of the property. As you've signed the quitclaim deed and transferred the property to your friend, he will be considered as the owner of the property.
Thanks
Unless your name is mentioned on the property deed, you won't be considered as the owner of the property. As you've signed the quitclaim deed and transferred the property to your friend, he will be considered as the owner of the property.
Thanks
lam, you no longer have any interest in the condominium, since you've transferred your ownership rights to your friend. You're still obligated on the mortgage, however, since you signed the promissory note.
I live with my 85 year old father. If he would sign a quit claim to me could he use it for collateral for a loan?
Hi Guest!
Welcome to forums!
If you're the owner of the property, then he won't be able to use it as a collateral in order to get a loan.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you're the owner of the property, then he won't be able to use it as a collateral in order to get a loan.
Feel free to ask if you've further queries.
Sussane
Guest, what is it that you and your father are trying to accomplish?
We lost a lawsuit regarding a dog fight vet bill. They are trying to take our posssions(inside). We signed everything over to our son immediately following the court appearance. Can they take them?
Welcome Anne,
If the property is in your son's name, then they won't be able to take it. You can ask your son to take legal help in this matter.
If the property is in your son's name, then they won't be able to take it. You can ask your son to take legal help in this matter.
I am going to file for a divorce. We have property in Maine. My name only is listed on the deed but there is a loan out on this property has both our names on it. My spouse has significant debt in his name only and creditors are starting to threaten to file liens. I don't want to lose my property in maine. Can I sign over this property to my adult child since only my name is on the deed?
Hi Renea,
If the property deed does not mention your spouse's name on it, then his creditors won't be able to place a lien on your property. You are the owner of the property. If they try to place a lien, then you can take legal actions against them.
Thanks
If the property deed does not mention your spouse's name on it, then his creditors won't be able to place a lien on your property. You are the owner of the property. If they try to place a lien, then you can take legal actions against them.
Thanks
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