Legal Question in Credit and Debt Law in Idaho
Judgement on Real Estate
We own a house in Boundry county, Idaho. My credit is terrible and I might get a judgement against me in the future. My wife's credit is good.
My wife bought the house On her credit but the lender required that I be on the loan also and quitclaimed me onto the deed.
Is their a way I can get my name off the property as a legal owner? will that prevent a creditor from putting a lien on the house?
I've heard that when Real Estate is held in ''tenancy by the entirety'' creditors of one spouse can't get at the assets of another. My main goal is to prevent a lien on the house should I get a judgement against me.
1 Answer from Attorneys
Re: Judgement on Real Estate
Your homestead may be exempt. I would need to see your title work on the house (review the documents) and investigate and advise. This is chargeable legal representation. You shouldn't enter into this inquiry lightly.
Call or e-mail for further assistance./