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-   -   Can I gift property to a child that has a judgement on it? (https://www.askmehelpdesk.com/showthread.php?t=465009)

  • Apr 16, 2010, 04:22 AM
    A3rdgenrn
    Can I gift property to a child that has a judgement on it?
    I have a bank loan judgement against a property that is not a primary residence. Can I gift this property to a child without paying the judgement?Can he sell the property if he assumes the mortgage?
  • Apr 16, 2010, 04:35 AM
    Fr_Chuck

    No it can not be "sold" that is what a gift transfer is, a sell without any money.

    The liens will have to be paid for you to transfer it, he can take a loan out and pay off the judgement and the mortgage.
  • Apr 16, 2010, 05:33 AM
    ScottGem

    Property cannot be transferred to another party until all liens are satisfied. Otherwise the transfer would not be legal and might be considered fraud.

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