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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Risky business Posted by J. Brooks on July 16, 2003 at 4:24 PM In Reply to: Risky business posted by Ward-CA- on July 16, 2003 at 5:57 AM Maybe you should consider getting the Seller to homestead his property before you record the Grant Deed. I believe it would shelter him $150K to $250K, depending upon maritial status, from any proceeds he might receive even if he chose bankruptcy. I think the bankruptcy court would take one look at the homestead and forget pursuing any equity in the property. A properly executed homestead is beyond the reach of any reversal, I believe. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Maybe you should consider getting the Seller to homestead his property before you record the Grant Deed. I believe it would shelter him $150K to $250K, depending upon maritial status, from any proceeds he might receive even if he chose bankruptcy. I think the bankruptcy court would take one look at the homestead and forget pursuing any equity in the property. A properly executed homestead is beyond the reach of any reversal, I believe. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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