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    lavertudad's Avatar
    lavertudad Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 23, 2007, 07:38 PM
    Quickclaiming to save equity
    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's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

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