Posted on: 20th Jun, 2011 07:46 am
i have student loans that are not yet in default but i want to protect my wife's interests, in case. these loans were created prior to us ever meeting and years before purchasing the property. would a quit claim deed surve this purpose?
thanx for your assistance.
thanx for your assistance.
Generally if you are worried that your debts could be attached to your property, then you should look into getting the homestead exemption. This should protect you from creditors liening your residence. But I do not know if federal student loans are exempt from the homestead. Contact a title company or attorney to be certain.