Legal Question in Real Estate Law in Georgia

Second Mortgage deficiency
My wife purchased a home before we we married. She had an 80/20 loan that was interest only. Tried to re-fi and that didnt work out. We purchased another house and and pay less than we did before. 1st house went into foreclosure. Now 2nd mortgage is sueing 4 deficiency jud. New house is in wife and mothers names. Should we transfer to my name? Georgia

Asked on 8/27/08, 12:32 pm

Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

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Re: Second Mortgage deficiency

That would be an illegal fraudulent transfer.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

Answered on 8/27/08, 1:18 pm

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