Posted on: 06th Apr, 2009 09:22 am
i am getting divorced. my lawyer says that i need to sign the deed to the marital home giving up my right to the property, so that he can get a refinanced mortgage to buy me out of my share. i have offered to give him a year to refinance. if at the end of that time he has not been able to refinance what can i do to guarantee that i still own my share of the house? i don't like the idea of signing my name off the deed even though my lawyer says it mans nothing till it's filed. is this true?
Hi ortizgrob,
If you give up your interest in the property you cannot get it back, unless your soon to be ex signs it back to you. If you really have to give up your interest in the property in order for him to refinance, I think you should get it in writing from him that he will refinance as soon as the title is transferred to him and will also pay you the buy-out money after the refinance.
If you give up your interest in the property you cannot get it back, unless your soon to be ex signs it back to you. If you really have to give up your interest in the property in order for him to refinance, I think you should get it in writing from him that he will refinance as soon as the title is transferred to him and will also pay you the buy-out money after the refinance.