Posted on: 24th Jun, 2011 09:11 am
Can I quitclaim a property that is a land lease? Will it protect against attempted debtors liens?
Thank you.
Thank you.
If its a land lease, then you do not have the right to sell the property, which a quitclaim would transfer ownership of the leased land. If you want out of the lease, you need to talk to the lessor. Filing anything other than BK will not stop creditors. If you are a home owner on your principle residence, you can file a homestead exemption and protect the home from judgements of certain creditors.