Posted on: 23rd Jun, 2010 12:40 pm
My wife is in debt to the tune of 70,000 dollar. She's currently is on the deed to my house, but not the mortgage. some of this debt was occured prior to us getting married. The problem is I now have her creditors threaten to put a lien on my house. Before this occurr, should I have her removed from the deed? I know she's not going to make accomodations to get this monkey off our backs. Will this be a hard process if she's not willing to participate?
Hi money,
Your wife will have to sign a quit claim deed in order to transfer the property in your name. However, as the creditors are already threatening to place a lien on the property, then transfer of property in such a situation may be considered as fraudulent. I would suggest you to contact a real estate attorney and take his opinion in this matter first.
Your wife will have to sign a quit claim deed in order to transfer the property in your name. However, as the creditors are already threatening to place a lien on the property, then transfer of property in such a situation may be considered as fraudulent. I would suggest you to contact a real estate attorney and take his opinion in this matter first.