answersLogoWhite

0


Best Answer

No. Intent has nothing to do with what actually happens in most cases in real life. Just because he claimed that was his intent, it doesn't mean he has to follow up with it.

User Avatar

Wiki User

โˆ™ 2006-04-12 00:33:26
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: Can you force someone to sign a quit claim deed to jointly-owned property if they stated in the meeting of creditors that it was his intent to relinquish interest?
Write your answer...
Submit
Related questions

Can a lien be placed on a house from a bank debt from a tenant?

No. A tenant has no ownership interest in the property and so the property is not available to their creditors.No. A tenant has no ownership interest in the property and so the property is not available to their creditors.No. A tenant has no ownership interest in the property and so the property is not available to their creditors.No. A tenant has no ownership interest in the property and so the property is not available to their creditors.


Can you force a remainderman to relinquish his share?

No, you cannot force a person to relinquish his share in the property.


What is the top priority when distributing assets from someone declaring bankruptcy?

Secured creditors to the extent of their security on specific property (e.g., mortgage interest on real property)


What to do if there is a lease agrement and the owner dies and there is no will and liens on the property?

If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.


Who is entitled to proceeds if all life estate heirs agree to sell property?

If the life estate holders agree to allow the property to be sold then they mush sign the deed and by doing that they will relinquish their life estates. The proceeds from the sale will go to the remaindermen who own the fee interest in the property. In order to encourage the life estate holders to relinquish their life interest the remaindermen may offer a part of the proceeds as an incentive.You should seek the advice of an attorney who can review your situation and explain the options.


Can creditors put a lien on property not in your name?

If the property was fraudulently conveyed to avoid creditors the court can approve a lien against it in spite of the transfer.If the property was fraudulently conveyed to avoid creditors the court can approve a lien against it in spite of the transfer.If the property was fraudulently conveyed to avoid creditors the court can approve a lien against it in spite of the transfer.If the property was fraudulently conveyed to avoid creditors the court can approve a lien against it in spite of the transfer.


Can the joint property holder transfer the property?

Generally, they can transfer their own interest in the property but not the interest of the other co-owner.Generally, they can transfer their own interest in the property but not the interest of the other co-owner.Generally, they can transfer their own interest in the property but not the interest of the other co-owner.Generally, they can transfer their own interest in the property but not the interest of the other co-owner.


Can you use tenancy by the entirety to protect property during bankruptcy when using federal exemptions or can it only be applied when state exemptions are used?

Any interest in property, no matter how you hold title, has to be disclosed for possible payment to creditors.


Can a co-signer be removed from a title?

No. Not unless they transfer their interest in the property voluntarily.No. Not unless they transfer their interest in the property voluntarily.No. Not unless they transfer their interest in the property voluntarily.No. Not unless they transfer their interest in the property voluntarily.


In French what to do if you are notified of property belonging to your grandparents deceased and unaware of such property?

You can claim the property, or relinquish the heirloom. The sollicitor in charge should advice you on all the proceedings.


Does a spouse have to sign the mortgage in a non community state?

Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.


Is it a purchase or refinance when one heir buys out the other?

That would be the purchase of an interest in real property.That would be the purchase of an interest in real property.That would be the purchase of an interest in real property.That would be the purchase of an interest in real property.


Can you get out of a quitclaim deed after you sign it over to someone else?

If you own property and execute a quitclaim deed transferring your interest. You no longer own the property. If the property is subject to a mortgage or if you made the transfer to avoid creditors you have complicated the title and created a problem for yourself but you cannot undo that deed. The grantee in that deed would need to convey their interest back to you. Transferring property that is subject to a mortgage will trigger the "due on transfer" clause. You should consult with an attorney.


What happens if only 1 person filed bankruptcy and both names are listed on property?

Then only the debtor's interest in the property is considered part of the BK estate. For example, if 2 people own the property, then 50% of the property is included in the BK. If there is enough equity, the Trustee may order the sale of the property in order to pay back creditors.


Can a lien be placed on your house which is in your name only for debts incurred by your father if he is no longer on the deed?

It depends on when he was on the deed. A person who incurs debt cannot simply transfer their interest in real estate to a relative to avoid their creditors. The court will nullify the deed. That type of transfer is referred to a fraudulent conveyance.If the debts were incurred after your father transferred his interest to you your property may be safe. You should consult with an attorney.It depends on when he was on the deed. A person who incurs debt cannot simply transfer their interest in real estate to a relative to avoid their creditors. The court will nullify the deed. That type of transfer is referred to a fraudulent conveyance.If the debts were incurred after your father transferred his interest to you your property may be safe. You should consult with an attorney.It depends on when he was on the deed. A person who incurs debt cannot simply transfer their interest in real estate to a relative to avoid their creditors. The court will nullify the deed. That type of transfer is referred to a fraudulent conveyance.If the debts were incurred after your father transferred his interest to you your property may be safe. You should consult with an attorney.It depends on when he was on the deed. A person who incurs debt cannot simply transfer their interest in real estate to a relative to avoid their creditors. The court will nullify the deed. That type of transfer is referred to a fraudulent conveyance.If the debts were incurred after your father transferred his interest to you your property may be safe. You should consult with an attorney.


Why do people do a quitclaim deed on their properties?

In order to transfer their interest in the property to a new owner.In order to transfer their interest in the property to a new owner.In order to transfer their interest in the property to a new owner.In order to transfer their interest in the property to a new owner.


Can you take someone's name off the deed of their property without their consent?

No. Only the owner can transfer their own interest in the property.No. Only the owner can transfer their own interest in the property.No. Only the owner can transfer their own interest in the property.No. Only the owner can transfer their own interest in the property.


How do you relinquish inheritance?

There are several ways to relinquish an inheritance. One way might be to hand the gift over to another person. If it is property, this would include signing a deed over to another.


Can my tax lien be placed on my mother's property if I have no ownership and haven't lived there for 10 years?

No, unless your mother has died and you have an interest in her property by inheritance.No, unless your mother has died and you have an interest in her property by inheritance.No, unless your mother has died and you have an interest in her property by inheritance.No, unless your mother has died and you have an interest in her property by inheritance.


Can a lien be recorded against a property in a trust?

If the lien is related to a debt incurred by the trust, yes.If the trust was properly drafted the property should be safe from the creditors of the beneficiaries. If it was not properly drafted the property remains vulnerable to creditors. That's why trusts should only be drafted by attorneys who specialize in trust law.If the lien is related to a debt incurred by the trust, yes.If the trust was properly drafted the property should be safe from the creditors of the beneficiaries. If it was not properly drafted the property remains vulnerable to creditors. That's why trusts should only be drafted by attorneys who specialize in trust law.If the lien is related to a debt incurred by the trust, yes.If the trust was properly drafted the property should be safe from the creditors of the beneficiaries. If it was not properly drafted the property remains vulnerable to creditors. That's why trusts should only be drafted by attorneys who specialize in trust law.If the lien is related to a debt incurred by the trust, yes.If the trust was properly drafted the property should be safe from the creditors of the beneficiaries. If it was not properly drafted the property remains vulnerable to creditors. That's why trusts should only be drafted by attorneys who specialize in trust law.


If your mother dies and leaves no estate are her children responsible for paying her creditors?

A decedent's estate is responsible for payment of the debts. If there is any property in the estate, the debts must be paid before any property can be distributed to the heirs. If there is no property the creditors are out of luck.


Your husband owned the property prior to marriage but added your name to the deed. How much do you own?

If you are on the deed to the property you own a one half interest.If you are on the deed to the property you own a one half interest.If you are on the deed to the property you own a one half interest.If you are on the deed to the property you own a one half interest.


How can you relinquish rights to a property that your husband bought with 2 friends in NC?

Your husband must convey his interest to the co-owners by a quitclaim deed.Your husband must convey his interest to the co-owners by a quitclaim deed.Your husband must convey his interest to the co-owners by a quitclaim deed.Your husband must convey his interest to the co-owners by a quitclaim deed.


What is a lien holder's priority compared to other creditors?

A lien is a form of security interest, typically over property to secure the payment of debt. In practice, the word is also often used as reference to mortgages.


Creditors holding secured claims?

Creditors holding secured claims cannot be dismissed in a bankruptcy. These claims will have to be reaffirmed or they can take back the property.