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Ch 7: Reach back on house transfer
I would also suggest if there was and is no equity, no one will care. If there is equity that could be protected, then possibly treat it as hers and protect it.
Christie Cronenweth
Law Offices of Christie Cronenweth
25202 Crenshaw Blvd., Suite 207
Torrance, CA 90505
310-257-4995 ph
310-257-4996 fx
cronenwethlaw@yahoo.com
www.cronenwethlaw.com
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> On Nov 3, 2017, at 3:59 PM, 'Peter M. Lively' petermlively2000@yahoo.com [cdcbaa] wrote:
>
> 4 years (if recorded), 7 years is not - See 544 and CCP 3449.09
>
> But see 541(d) - who has legal versus equitable title on your facts?
>
> Peter M. Lively, J.D., M.B.A.
> Law Office of Peter M. Lively * Personal Financial Law Center I
> 11268 Washington Boulevard, Suite 203, Culver City, California 90230-4647
> Telephone: (310) 391-2400 * Toll Free: (800) 307-3328 * Fax: (310) 391-2462
>
>
> On Friday, November 03l.com [cdcbaa] wrote:
>
>
>
> A widow has approached me about a Chapter 7 BK. Her concern is that about 2 years ago (she thinks) she transferred her home to her son so that the mortgage could be refinanced in his name and with his good credit score. The widows husband was not the best businessman around and there are many outstanding judgments and liens against the husband (now deceased) and some may against her, hence the consideration of the Chapter 7 bankruptcy. How long can the Chapter 7 trustee look back on the transfer of the house to the son as it may not have been for FMV?
>
>
>
> Desiree Causey, Esq.
>
> Law Office of Desiree Causey
>
> 7755 Center Avenue, Suite 1100
>
> Huntington Beach, CA 92647
>
>
>
> 714-372-2225 (phone)
>
> 714-908-7646 (same fax number)
>
>
>
> Privileged And Confidential Communication.
> This electronic transmission, and any documents attached hereto, (a) are protected by the Electronic Communications Privacy Act (18 USC 2510-2521), (b) may contain confidential and/or legally privileged information, and (c) are for the sole use of the intended recipient named above. If you have received this electronic message in error, please notify the sender and delete the electronic message. Any disclosure, copying, distribution, or use of the contents of the information received in error is strictly prohibited.
>
> Please consider the environment before printing this e-mail.
>
>
>
>
Christie CronenwethLaw Offices of Christie Cronenweth25202 Crenshaw Blvd., Suite 207Torrance, CA 90505310-257-4995 ph 310-257-4996 fx cronenwethlaw@yahoo.comwww.cronenwethlaw.comConfidentiality The information contained in this email message is legally privilegedand confidential information intended only for the use of the individualor entity named. If the reader of this message is not the intended recipient,you are advised not to read the attachments and you are hereby notified that any dissemination, distribution or copy of this email is strictly prohibited. This email is an Attorney-Client communication, and an Attorney-Client work product.If you have received this email in error, please immediately notify us by telephone and delete the email. Thank you.The Law Offices of Christie Cronenweth is a debt relief agency engaged in the practice of aiding people to file for bankruptcy under the Bankruptcy Code.On Nov 3, 2017, at 3:59 PM, 'Peter M. Lively' petermlively2000@yahoo.com [cdcbaa] <cdcbaa@yahoogroups.com> wrote:
4 years (if recorded), 7 years is not - See 544 and CCP 3449.09But see 541(d) - who has legal versus equitable title on your facts? Peter M. Lively, J.D., M..B.A. Law Office of Peter M. Lively * Personal Financial Law Center I 11268 Washington Boulevard, Suite 203, Culver City, California 90230-4647 Telephone: (310) 391-2400 * Toll Free: (800) 307-3328 * Fax: (310) 391-2462
On Friday, November372-2225' causeylaw@gmail.com [cdcbaa] <cdcbaa@yahoogroups.com> wrote:
A widow has approached me about a Chapter 7 BK. Her concern is that about 2 years ago (she thinks) she transferred her home to her son so that the mortgage could be refinanced in his name and with his good credit score. The widows husband was not the best businessman around and there are many outstanding judgments and liens against the husband (now deceased) and some may against her, hence the consideration of the Chapter 7 bankruptcy. How long can the Chapter 7 trustee look back on the transfer of the house to the son as it may not have been for FMV? Desiree Causey, Esq.
The post was migrated from Yahoo.
4 years (if recorded), 7 years is not - See 544 and CCP 3449.09
But see 541(d) - who has legal versus equitable title on your facts?
Law Office of Peter M. Lively * Personal Financial Law Center I
11268 Washington Boulevard, Suite 203, Culver City, California 90230-4647
Telephone: (310) 391-2400* Toll Free: (800) 307-3328 * Fax: (310) 391-2462
On Friday, November 03mail.com [cdcbaa] wrote:
A widow has approached me about a Chapter 7 BK. Her concern is that about 2 years ago (she thinks) she transferred her home to her son so that the mortgage could be refinanced in his name and with his good credit score. The widows husband was not the best businessman around and there are many outstanding judgments and liens against the husband (now deceased) and some may against her, hence the consideration of the Chapter 7 bankruptcy. How long can the Chapter 7 trustee look back on the transfer of the house to the son as it may not have been for FMV?
Desiree Causey, Esq.
Law Office of Desiree Causey
7755 Center Avenue, Suite 1100
Huntington Beach, CA 92647
714-372-2225 (phone)
714-908-7646 (same fax number)
Privileged And Confidential Communication.
This electronic transmission, and any documents attached hereto, (a) are protected by the Electronic Communications Privacy Act (18 USC 2510-2521), (b) may contain confidential and/or legally privileged information, and (c) are for the sole use of the intended recipient named above. If you have received this electronic message in error, please notify the sender and delete the electronic message. Any disclosure, copying, distribution, or use of the contents of the information received in error is strictly prohibited.
Please consider the environment before printing this e-mail.
The post was migrated from Yahoo.
A widow has approached me about a Chapter 7 BK. Her concern is that about 2
years ago (she thinks) she transferred her home to her son so that the
mortgage could be refinanced in his name and with his good credit score.
The widows husband was not the best businessman around and there are many
outstanding judgments and liens against the husband (now deceased) and some
may against her, hence the consideration of the Chapter 7 bankruptcy. How
long can the Chapter 7 trustee look back on the transfer of the house to the
son as it may not have been for FMV?
Desiree Causey, Esq.
Law Office of Desiree Causey
7755 Center Avenue, Suite 1100
Huntington Beach, CA 92647
714-372-2225 (phone)
714-908-7646 (same fax number)
Privileged And Confidential Communication.
This electronic transmission, and any documents attached hereto, (a) are
protected by the Electronic Communications Privacy Act (18 USC
2510-2521), (b) may contain confidential and/or legally privileged
information, and (c) are for the sole use of the intended recipient named
above. If you have received this electronic message in error, please notify
the sender and delete the electronic message. Any disclosure, copying,
distribution, or use of the contents of the information received in error is
strictly prohibited.
Please consider the environment before printing this e-mail.
The post was migrated from Yahoo.