Legal Question in Credit and Debt Law in Virginia
Real Estate Liens
If a mortgage payor signs a deed of gift over to a relative in 2003, and the mortgage payor has a large judgment placed against them in 2008, can the person who placed the judgment obtain any interest in this real estate to help satisfy the judgment?
Asked on 10/14/08, 6:57 pm
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: Real Estate Liens
By "mortgage payor" I assume you mean owner. The answer will depend on whether the transferor was insolvent when the property was transferred, and whether it was transferred in good faith or in an effort to hinder, delay or defraud creditors.
Answered on 10/14/08, 7:13 pm
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