Re: Asset Protection for Real Estate investors
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Nov 12th, 2009, 01:07 PM
#8 (permalink)
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Quote:
Originally Posted by GlobalWealth
While this is a possibility, I have never seen it happen. If it did happen, you could always transfer it back into your name. the banks don't really care who owns the property as long as you pay for it. I did run across an issue when selling a property in MD once where we had to transfer the property back into the owners name before closing. This was just a simple deed transfer and only took a couple of days.
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True - But if it happens before you sell - You have lost the protection. !