CLMoore
Jun 16, 2007, 09:45 AM
My 80 year old mother has been served with papers demanding payment of a debit over $50,000 for a motorhome she co-signed for over 10 years ago.
As a co-signer can a lien be places on her Texas home that she owns free and clear (she is the only one on the title)?
Can she deed her home to me to avoid a lien being placed on her home? If we sign the deed paperwork today, how long until her home shows under my name?
Also, will there be any tax consequences to either side?
Thanks.
As a co-signer can a lien be places on her Texas home that she owns free and clear (she is the only one on the title)?
Can she deed her home to me to avoid a lien being placed on her home? If we sign the deed paperwork today, how long until her home shows under my name?
Also, will there be any tax consequences to either side?
Thanks.