I was wondering how it would work if a house was transferred solely into my name and then I file bk? The mortgage is way upside down.
Is that considered fraud because we'd be letting it go into foreclosure anyway?
How long would I have to pay the mortgage on the house so that it wouldn't be considered a fraudulent transfer?
Is there a better way to do this?
thanks!
Is that considered fraud because we'd be letting it go into foreclosure anyway?
How long would I have to pay the mortgage on the house so that it wouldn't be considered a fraudulent transfer?
Is there a better way to do this?
thanks!
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