Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Can I give my wife our house in a divorce settlement .

Posted on: 03rd Dec, 2008 08:38 am
I am involved in a accident lawsuit. We will be divorced long before the suit ends. Can they go after her house if there is an excess judgment?
If your wife gets the property as a part of the divorce decree, then I don't think the creditors will go after her house for the excess judgment. But if the accident lawsuit ends before the divorce settlement, then the creditors can go after the property for excess judgment.
Posted on: 03rd Dec, 2008 10:22 pm
me and my husband are separated,both are names are on the deed,can i remove my name and put my sons
Posted on: 03rd Dec, 2008 11:50 pm
Hi packers

Yes, you can sign a quitclaim deed in your son's name and transfer the property to him. Once you sign the quitclaim deed, you will need to notarize it and record it at the county recorder's office.

Sample quitclaim deed forms are available online but if you want you can even draft it from an attorney.

Thanks.
Posted on: 04th Dec, 2008 01:53 am
if i give my spouse part of my property .can any creditor come after her
Posted on: 11th Jun, 2010 12:07 pm
Welcome dane,

The creditor will not come after your spouse in order to recover the dues. However, as your name is on the property as a part owner, the creditor can place a lien on it.
Posted on: 13th Jun, 2010 09:54 pm
Page loaded in 0.114 seconds.