Unusual transfer of real property
Posted: Sun Sep 01, 2013 10:25 am
Yes. In re adeeb. 9th Cir.
787 F.2d 1339 (1986)
Thanks,
Dennis
On Aug 31, 2013, at 1:37 PM, wrote:
> I have Chapter 13 clients who will have a feasible plan. When they were trying to get a loan mod, the firm they hired told them that they needed to file for legal separation and transfer the house into wife's name only since she had the better credit. In January 2013, they did both of those things but (surprise) got no loan mod. The legal separation has been vacated, but the house remains in wife's name. As you can imagine, this has been very stressful for the couple. I would like to quitclaim the house back into both of their names so the title is properly recorded before filing the Ch 13. We would, of course, disclose these transfers. Does this sound like the correct way to proceed?
>
>
>
> Laura E. Young
>
> Law Offices of Laura E. Young
>
> c/o Potier Law Group
>
> 5090 E. Los Coyotes Diagonal
>
> Long Beach CA 90815
>
> 562-986-9900
>
>
Yes. In re adeeb. 9th Cir.787 F.2d 1339 (1986)Thanks,DennisOn Aug 31, 2013, at 1:37 PM, <lyounglaw@yahoo.com> wrote:
I have Chapter 13 clients who will have a feasible plan. When they were trying to get a loan mod, the firm they hired told them that they needed to file for legal separation and transfer the house into wife's name only since she had the better credit. In January 2013, they did both of those things but (surprise) got no loan mod. The legal separation has been vacated, but the house remains in wife's name. As you can imagine, this has been very stressful for the couple. I would like to quitclaim the house back into both of their names so the title is properly recorded before filing the Ch 13. We would, of course, disclose these transfers. Does this sound like the correct way to proceed?
Laura E. Young
Law Offices of Laura E. Young
c/o Potier Law Group
5090 E. Los Coyotes Diagonal
Long Beach CA 90815
562-986-9900
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