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View Full Version : Quickclaiming to save equity


lavertudad
Jun 23, 2007, 07:38 PM
Will quickclaiming my rental property to a relative protect it from from a lender on my primary residence if I let the primary go into foreclosure. I owe more on my primary then it is worth and I some equity in my rental.

excon
Jun 24, 2007, 05:11 AM
Hello laver:

Doing what you propose to do is fraud. Not only will it not protect the rental property, you risk your butt landing in jail.

excon

Fr_Chuck
Jun 24, 2007, 06:06 AM
No, it will not help