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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: BWAC who wrote (29912)4/21/2005 9:10:24 AM
From: Think4YourselfRead Replies (1) of 306849
 
I think most state's laws allow creditors to get around that obvious ploy. When I got married and sold the house in my name my wife had to sign away her interest, even though the house was fully paid for and owned by me exclusively. There were issues relating to liability on new mortgage as well. Broker told me couldn't do it the way I wanted to because laws would ignore it and treat it as if both owned and liable anyways.

The financial industry has seen and accounted for all the obvious ploys.
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