property protection
Ok I bought a house for a dollar yes a dollar.
The house had a fire and was near needing to be torn down.
I have put alot of time and money into the house to get it livable
I have alot of debt. Most three years old or more. From a failed business
I was told that in some states if you own a house and have debt. That the house my be safe from leans or being taken can anyone answer that for sure for me.
Also my brother has put alot of time and money in the house also under the agreement I would pay him. Back I can not at this time.
If I was to transfer the house to him until I paid him.
What is the best way to do this? I did a quick claim deed on my computer but I am unsure as to what to put in the payment area.
I do not won’t to put a dollar and then someone try to say I did it to get out of a debt.
Third if I go through bankruptcy is the house safe then.
Also the house if this helps the house is not worth much at all. The area is dead and I doubt it would sell for even 10,000 if it was sold.
How can I protect the house until I can go through bankruptcy or pay off the debt?
|