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If you are married with 2 adult kids and get sued what is the best way to protect the equity in your home?
Wiki User
∙ 18y ago
All states have laws that allow a person who is sued to claim a homestead exemption, in most cases this prevents the home from a forced sale. Some states have statutes which automatically grant the homestead exemption; other states require the homeowner to file a declaration of homestead with the county recorder. When faced with a lawsuit the defendant should never attempt to transfer or sell property to avoid possible creditor attachment. Such action is considered "fraudulent conveyance" and can be struck down by the court and possible penalties assessed to the defendant. However the laws in the majority of states governing the transferring of property to adult children are very lenient and in some cases non-existent. The best option would be to obtain legal advice from an attorney (bankruptcy or general practice) versant in creditor-debtor issues.
Wiki User
∙ 18y ago
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Where can a person find advice to find the best equity home loan?
A person can find advice to find the best equity home loan at a website called BankRate. This website will provide rates, news, and advice on the best equity home loans.
Where can you get an equity loan?
Equity loand are available at the majority of banks and home lenders. Your best bet is to visit your current mortgage lender as they will likely have the best rates.
What are the main rules for equity mortgage loans in the UK?
The best way to find rules about equity mortgage loans in the United Kingdom is to speak to someone at a financial institutions. Equity mortgage loans are complex and best discussed with an expert.
What is a Paramount equity mortgage?
A Paramount Equity mortgage can be described very simply. One of the best ways to describe this is simply a mortgage through the Paramount Equity company.
Which company offers a best home equity loan review?
The company that offers the best home equity loan reviews is Lending Tree. Once on the website, hover over "Home Loans" and click on "Home Equity" in the top navigation menu.
One word that best explains fairness?
Equity
Who offers the best rates for Equity loans?
The rates for Equity Loans can be very competitive and as such they can change. A good way to find the best rates is to use comparison sites such as Bank Rate.
How does one obtain the best home equity loan?
If you are looking for a home equity loan, you will want to be sure that you obtain the best one that suits your needs. Your best best is to compare loans between companies and see which one has the lowest associated fees.
What are the best suitable equity apartments?
To find the best and most suitable equity apartments for one's needs, speak to local estate agents. Similarly, speak to the bank or a financial expert for advice.
How can I get a home equity loan?
A home equity loan is similar to a mortgage but your money is given to you not to your home lender. There are many websites that offer information on this process the best being www.federalreserve.gov/pubs/equity/equity_english.htm.
Does ameriquest mortgage company do no equity home loans?
No they will not. No one is giving no equity home loans right now. The best you can so is a personal loan.
Where can I get trained on how to get a home equity loan?
You will definitely want advice if you want to be successful in getting a home equity loan.One of the best websites on the subject is www.bankrate.com.
