Legal Question in Business Law in Illinois

Re: quick claim deed to home after business closing

Not enough facts here to really give you any kind of answer, but I will try to fill in some blanks with my guesses. Your friend needs to contact an attorney if she is worried about liens and transfers of title. I am guessing the house was owned by the friend and her husband, and they deeded the property to their daughter to try to avoid creditors. First thing, if they have a mortgage, this transfer to the daughter violates the due on sale clause, so their lender could demand the full loan balance due immediately. Not a good thing. Second, if they conveyed their property to a family member for free to avoid creditors, then yes, judgments and liens against the husband could attach to the property. Yes, the daughter can (and should if there is a mortgage) convey the property back to your friend. (By the way, it is "quit" not "quick" claim.)