Posted on: 03rd Oct, 2010 06:46 pm
I want make Quick Claim Deed to my son. he had a short sale and collection agency is going after him for defficiency.It will be smart on my part to do it or wait until his problem is solved?
Hi basia,
As the collection agency is coming after your son for the balance amount, it won't be a smart move to transfer the property to your son now. You should wait till the problem of deficient balance is resolved and then you can transfer the property to your son.
As the collection agency is coming after your son for the balance amount, it won't be a smart move to transfer the property to your son now. You should wait till the problem of deficient balance is resolved and then you can transfer the property to your son.