Can a person in Colorado sell a house he owns to a relative for $1.00 regardless of the market value?
Asked on 6/26/16, 10:24 am
1 Answer from Attorneys
Stephen Harkess Colorado Legal Solutions
Sure. However, there may be repercussions of such a sale, especially if the person later files for bankruptcy protection or medicaid payments.
Answered on 6/26/16, 10:29 am