I am sorry - I was not clear. My wife owns real estate in Ohio that previously served as her personal residence for 20 years in a decaying urban area. The home has lost nearly 75% its original purchase value. The property is currently in the early stages of F/C. The bank's drive-by appraisal...
thank you adjusterjack. The idea of transferring the house into my name is more of a strategic play. I doubt my wife's creditor has down any public record searches at this point to determine if she owns other real estate. The condo and her 2012 Ford Edge are the only substantial assets that...
My Michigan home was F/C on 07-28-10. B of A purchased the property at the Sheriff sale. I waived my redemption rights and vacated property in Sept 2010. I withdrew money from my 401k, gifted it to my girl friend (now my wife) and she purchased a home in AZ where we now reside. The house...