Legal Question in Real Estate Law in Virginia

My husband is a guarantor on a business loan in his name (not an LLC). I am concerned to lose my home with his name on the deed. We do not have any debt on our residential property. Do we need to put the deed in my name to protect us?


Asked on 9/04/10, 5:11 am

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

No, just revise the deed to your home to reflect that you and your husband hold title jointly by what's known as TENANTS BY THE ENTIRETIES.(As long as both you and your husband are not debtors on the same loan and jointly

subject to a judgment by your mutual creditor, your home cannot be taken

by such creditor.)

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Answered on 9/09/10, 9:35 am


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