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What if we sell the home to my sister-in-law and her husband, so that both me and my wife are only tenants and don't own the property anymore?
My sister-in-law and her husband paid off our mortgage last September and we agreed to transfer part of the deed to them to the value of the repaid mortgage (€120.000). We do not have any debts right now. The court case is not for two months and I do not know if I will win or lose. If we sell the house to my wife's sister before then for the full catastral value, are we still doing anything wrong?
Okay, that is good to know. I am not trying to be dishonest here but we may lose our house for a claim against us which was just €10.000 and which I am contesting. But the legal fees of the claimant are more than €40.000, which I do not have in the bank to pay. The house cost €600.000 but due to the crisis is now only worth €300.000. So we will lose everything if I lose the case. I just want to protect our home by selling it to our relatives before the case is decided in the UK. Is that legal?
Yes it is
You coulde sell it out after you got some debts