Legal Question in Credit and Debt Law in Michigan
home at risk?
If my daughter's name is on a quit claim deed on my house, can her creditors come after my house to collect her large debts?
Asked on 3/19/07, 3:39 pm
1 Answer from Attorneys
Rochelle Guznack
Law Offices of Rochelle E. Guznack, PLLC
Re: home at risk?
Yes. Creditors will usually place a judgment lien on the property. This means that if the property is sold or transferred, the creditor will be paid the amount of the lien.
Answered on 3/20/07, 8:29 am