Property Trust During Foreclosure

Ask Your Question For Free

Summary

Transferring property into a trust during an ongoing foreclosure in Florida may not protect it from creditors. If fraud is involved, legal action may be required. A Quiet Title action may not necessarily stop a pending foreclosure sale. Consult a local real estate attorney for specific advice based on your situation.

Full Conversation

Ongoing
Sure, I can provide some general information on this. However, it's essential to know that while it's possible to transfer property into a trust, it may not necessarily protect it from foreclosure. Here are some key points:
*. A trust doesn't inherently protect assets from creditors.
*. If fraud is involved, legal action may be required.
*. Consult with a real estate attorney in Florida for specific advice.
Ok
Great, glad to be of assistance! If you have further questions or need more detailed information, don't hesitate to ask. Remember, a local real estate attorney in Florida can provide you specific legal advice based on your situation.
if a sales date is pending in for closure as Quiet Titel action will stop anything
To understand your situation better, could you please clarify if a Quiet Title action has already been initiated? Also, please note that local laws in Florida will apply.