Can We get a loan?

Indiana. I am being sued by a credit card company. I was advised to put a lein (for more than market value) on 2 properties that my husband & I own jointly (he is not on the credit card) to prevent a lein being placed on them by the credit card company if I lose my counter claims against them. Is this legal? Can I do the loan or must my husband do it since he is not being sued?

[HomeGuru]

A for effort and F for ethics.
The transfer could be voided due to fraud to evade creditors. People have already tried this in BK and non-BK action. Most have lost their butts.
why not sell a property and pay the debts intead of trying to play games.
The method that you have suggested would not be a loan (since there would be no money involved) but merely a sham fake lien using a strawperson. The syndicate and drug dealers among others are known to do this white collar stuff. Such common transactions discovered through FBI and IRS investigations.
Key questions to ask yourself: if a lien were to be placed on the properties, what would you tell the IRS if they asked you, "and what did you do with the money that this person loaned you? Who is this person and where did he/she get the money from? Is the loan reflected on anyones tax returns? We will be conducting an audit so we will need copies of all documents pertaining to this loan and lien"

[Edited by HomeGuru on 01-01-2001 at 04:14 PM]