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Updated about 11 years ago,

User Stats

78
Posts
7
Votes
Lou Veiga
  • Rental Property Investor
  • Hollis, NH
7
Votes |
78
Posts

Deed Transfer prior to foreclosure

Lou Veiga
  • Rental Property Investor
  • Hollis, NH
Posted

I came across a house that's going to be sold at a foreclosure auction. I did some research and found that the owner transferred the property from his name into an LLC about 2 years ago. Would that have any effect on the foreclosure? I'm assuming the bank still has the right to foreclose.

There may be numerous reasons why he would have transferred the property, but would protection from foreclosure be one of them?

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