Legal Question in Real Estate Law in Massachusetts

if my name is not on the deed, but i have an equity line on the house, is it considered my asset(when proving insolvency)?


Asked on 3/07/14, 9:11 am

1 Answer from Attorneys

If you mean you owe money that is secured against a propety you formerly owned, then the home is not an asset.

If you are OWED money that you lent someone, then that is an asset for insolvency purposes.

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Answered on 3/07/14, 9:18 am


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