Posted on: 10th Aug, 2010 02:57 pm
Just received unfavorable judgment from civil suit which I cannot afford to pay. I own a house by myself. Is there a problem quitclaiming the house either to one relative or non-relative (no spouse involved) and leaving my name off OR adding a name to the house via quitclaim as Tenancy in the Entireties (Judgment out of state and home in Michigan). Will that prevent a lien down the road to be placed on the house.
Hi Realtimepieces,
Transferring the property when you've already received a judgment for lien can be considered as fraudulent. I would suggest you to speak to an attorney and take a decision regarding transferring of property.
Thanks
Transferring the property when you've already received a judgment for lien can be considered as fraudulent. I would suggest you to speak to an attorney and take a decision regarding transferring of property.
Thanks