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If you own two houses and one may go into foreclosure can a you transfer the deed of the second house for a lesser value price to a family member as asset protection?
Wiki User
∙ 17y ago
You could try. You could also try insider trading, of course that didn't work out too well for Martha Stewart. Seriously, this would probably be looked upon as fraud.
Wiki User
∙ 17y ago
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How many houses are in foreclosure?
1. Commercial Property 2. Residential Property
How can one find listings of real estate subject to foreclosure?
There are many ways that one can find listing of real estate that are subject to foreclosure. Houses that are subject to foreclosure will have notices on them. One can also obtain information on this from real estate sites.
What are the risks of buying houses in foreclosure?
There are several risks of buying houses in foreclosure. Some of these include: the house may be messy and need a lot of additional repairs, you may end up with an exotic loan mortgage with soaring payments, and it may be difficult to secure a mortgage without a large down payment.
What can one do to get repossessed houses?
There are many websites one may peruse to find repossessed houses for sale. Some of these websites include Bank Foreclosure Sale, House Buyer Network, and Bank Foreclosed Listings.
Which real estate agents specialize in listing bank foreclosure houses?
Real estate agents who specialise in listing bank foreclosure homes are many. It is advised to speak with local agents who have knowledge of bank-owned homes, foreclosure auctions, and distressed properties. Ask about their experience handling bank foreclosures, do some research on the agents in your region, and get references from pleased customers. You can successfully negotiate the particular complexities of purchasing or selling bank foreclosure properties thanks to their knowledge and network.
If you own two houses and one is facing foreclosure can the other property be sold to a family member for less than the market value as an asset protection?
You can do whatever you wish with things you own
How do you use foreclosure in a sentence?
There is expected to be foreclosure on all the houses on that block.
What is the importance of a foreclosure of a house?
Houses go into foreclosure when the owner can no longer afford to make the house payments. Many people look to purchase foreclosure homes as they can often be purchased for a low price.
How many houses are in foreclosure?
1. Commercial Property 2. Residential Property
What conditions are required for a foreclosure in Phoenix Arizona?
The requirements for a foreclosure in Phoenix, Arizona will vary depending upon the lender your loan is with. All lenders have different criteria for repossessing houses.
How can one find listings of real estate subject to foreclosure?
There are many ways that one can find listing of real estate that are subject to foreclosure. Houses that are subject to foreclosure will have notices on them. One can also obtain information on this from real estate sites.
Can I really buy cheap houses at a foreclosure auction?
Foreclosure auctions are some of the best places to buy cheap houses. Normally the bank is just trying to get their money back and is willing to sell the house pennies on the dollar so you can end up getting a bargain
What percentage of homes are experiencing foreclosure in the Omaha, NE area as a result of this economic recession?
In Omaha, NE some counties like Douglas are experiencing foreclosure of 1 in every 247 houses.
When was Pfleger Family Houses created?
Pfleger Family Houses was created in 1897.
Where can I inquire about foreclosure houses in Portland Oregon?
If you are looking for listings of single-family homes in foreclosure, a local newspaper should suffice. Oftentimes, in the real estate section, you will find foreclosures mixed in with regular for-sale properties. For a more comprehensive listing of information, you should talk to an area realtor who will have access to information that may not be available to the public.
You own three houses you have to let go one of your house to foreclosure what will happen to your other 2 houses can lender sue you or what could happen?
If the foreclosure sale does not pay off the lender in full, including costs & fees, the lender could obtain a judgment against you for the unpaid balance. This judgment would then be a lien against any other houses that you own.
What was the foreclosure rate for Atlanta GA in 2012?
Atlanta had a rough go in 2012 with foreclosure rates reaching a high with 1 in every 300 houses being foreclosed. Atlanta was 2nd in the country in foreclosures.
