Header

Forum Left Top
Welcome to the LawInfo’s Legal Forums
By joining us today you can participate in our active and growing community. You will first need to register in order to participate in the discussion boards, using a login name and password. Click here to be directed to the registration page.

Lawinfo Home >> Click Here For Exclusive Statewide Sponsorship


Reply
 
Thread Tools Display Modes
  #1  
Old 02-10-2008, 04:44 PM
sullivan
Guest
 
Posts: n/a
Default 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?
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Forum Right Top
Forum Left Bottom Forum Right Bottom
 
Right Left
Member Login
Forgot password?

Not a member? Click Here to Register.
Forum LeftForum Right


Attorney Search
1. Choose an Area Of Law


2. Choose Your Location

   

 

Forum LeftForum Right


Most Popular Forums:
Immigration
(Federal)
 5829
Texas
(Family Law)
 5505
California
(Business and Corporation)
 2748
California
(Family Law)
 2675
California
(Labor and Employment)
 2039
Forum LeftForum Right


Forum Statistics:
Forum Members: 56,290
Total Threads: 29,463
Total Posts: 67,317
There are 43 users
currently browsing forums.
Forum LeftForum Right
Right Right
Right Bottom Left Right Bottom Right