Deed Transfer (appraiser, lawsuit, properties, loan)

[Muggy]

Why would someone transfer a deed to a trust after receiving lis pendens?

Thanks

[ESFP]

It does seem redundant to put in trust a property that is in the middle of a law suit. However, if the owner would manage to get a loan on the property, then foreclose, he may not loose the property in play (I don't know?). Or, it may detach part of a property that's involved with a lawsuit, clearing the way for non-involved property in the same name to be used as equity. These are only guesses. I've never heard of anyone doing this.

[Muggy]

Originally Posted by ESFP

It does seem redundant to put in trust a property that is in the middle of a law suit. However, if the owner would manage to get a loan on the property, then foreclose, he may not loose the property in play (I don't know?). Or, it may detach part of a property that's involved with a lawsuit, clearing the way for non-involved property in the same name to be used as equity. These are only guesses. I've never heard of anyone doing this.

Interesting (and thanks for your repsonse). The property is a multi-family (regular house + in-law)... it is listed as two separate properties on the tax appraiser's site. Are they playing games (to forestall foreclosure) then?