Posted on: 17th Sep, 2007 10:37 am
Hi
I live in Florida and I am divorced. IMy ex-husband and myself own a condo. Both are in the Tille. With the divorce my ex gives up all rights to said condo to me. We are in debt with some credit cards companies and one of them said they will put a lien against the condo so we can't sell it unless we pay their debts.
I want to known what can I do it to avoid the creditors to put a lien on my property and my business.
I live in Florida and I am divorced. IMy ex-husband and myself own a condo. Both are in the Tille. With the divorce my ex gives up all rights to said condo to me. We are in debt with some credit cards companies and one of them said they will put a lien against the condo so we can't sell it unless we pay their debts.
I want to known what can I do it to avoid the creditors to put a lien on my property and my business.
Hi Ffereira,
To avoid the creditors to put a lien on the property, you can quitclaim it to some other person. Once the title is transferred, they won't be able to place a lien. But in that case, they may place a lien on your other personal assets. And you will have to repay it to clear off the lien.
BTW, it seems that you have already asked a similar question earlier. I've replied you there. To view what I've replied, you may refer to http://www.mortgagefit.com/propertytransfer/protecthome-lien.html
To avoid the creditors to put a lien on the property, you can quitclaim it to some other person. Once the title is transferred, they won't be able to place a lien. But in that case, they may place a lien on your other personal assets. And you will have to repay it to clear off the lien.
BTW, it seems that you have already asked a similar question earlier. I've replied you there. To view what I've replied, you may refer to http://www.mortgagefit.com/propertytransfer/protecthome-lien.html