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Quitclaim Deed Help?

Posted on: 25th Jul, 2007 09:10 am
My mother-in-law in Michigan has dept collectors after her and they told her they will put a lien on her house if she don't work with them. Is there any way she can protect herself from this happening? Quitclaim Deed for instance.
jsquille, if a lien is not yet placed on the house for recovery of the debt then she can transfer ownership to someone else. transferring ownership will keep the house away from reach of creditors/debt collectors.

she can use a quit claim deed to transfer ownership of the house to someone, to you for instance and after the deed is recorded it will become your property. debt collectors will not be able to place a lien on the house as it will not be in her name.

miller
Posted on: 25th Jul, 2007 12:58 pm
As Miller stated, she can use a quit claim to transfer ownership for the house. You can get more information on the use of quit claim deeds from the following page:

http://www.mortgagefit.com/quitclaim-deed.html

She can transfer the house to prevent a lien being placed on it. But debt collectors can put lien on her other properties. Is she not able to pay the debts? How much are they?
Posted on: 25th Jul, 2007 03:13 pm
Hi Jsquille,

The debt collectors have the legal right to seize a debtor's property. But they should not threaten debtors stating that they'll take away his property. In most cases, the collectors seek a court order to place a lien on someone's property.

If your mother-in-law wants to protect herself, she should transfer her property into a trust. I think the debtors will not be able to seize the trust property.

Good luck :)
Posted on: 26th Jul, 2007 04:59 am
Jsquille,

Until and unless the debt collector is a law collection firm, it cannot place a lien on a debtor's property. The collectors take help from collection attorneys and refer unpaid accounts on which legal action should be taken.

Now, if the plaintiff wins the case and the debtor is sued, then the former receives a judgment which can be enforced on the debtor's property. The collector may also take some other actions to get back the unpaid debt.
Posted on: 26th Jul, 2007 05:11 am
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