2006-06-13 06:46:30 · 4 answers · asked by john 1 in Business & Finance ➔ Renting & Real Estate
Depending on your state's laws, judgments and liens attach to your house as soon as they are recorded in the same county. Once they attach, you cant avoid them by deeding the house. Get an "ownership & encumberance report" done by a title company to see what you are up against.
Check for asset protection attorneys in your area for techniques to defeat creditors.
2006-06-15 11:09:07 · answer #1 · answered by attorney_johnson 3 · 0⤊ 0⤋
if you quitclaim your deed to your wife, you only give up ownership interest in it. liens and judgements are also held against you personally, on your credit report. basically, they will still be there, and the next time you own property, buy property, or sell property, you will have to pay them off..liens/judgements also negatively affect your credit score, and can remain on record for approx. 10 years. pay your debts, rather than find the cheap way out! apparently you incurred them!
2006-06-13 14:18:15 · answer #2 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋
I'm not sure what you are asking- I need more specifics. But, my first guess is no because the civil judgment doesn't have anything to do with your residence.
2006-06-13 13:49:58 · answer #3 · answered by Princess 5 · 0⤊ 0⤋
I don't think so. Any claim by creditors still remain if they were already there. It only release your claim to the title.
2006-06-13 13:54:11 · answer #4 · answered by spot 5 · 0⤊ 0⤋