Posted on: 16th Mar, 2009 12:57 pm
my friend is in "separation mode" at the moment. he agreed to allow the soon to be ex-wife to keep the house (via quick claim deed). there is a clause in his separation agreement that states
"upon the execution of this agreement, husband agrees to, by quitclaim deed, convey his interest in said property to wife subject to the existing note and deed of trust encumbering the property, the balance of which wife assumes and agrees to pay. wife agrees to refinance said property within ninety (90) days of the signing of this agreement. wife shall indemnify and hold the husband harmless there from. wife further agrees to assume financial responsibility for the mortgage on the marital property beginning the 1st day of january, 2009."
needless to say she has yet to refinance and her "due date" was march 10th. what is his current course of action?
"upon the execution of this agreement, husband agrees to, by quitclaim deed, convey his interest in said property to wife subject to the existing note and deed of trust encumbering the property, the balance of which wife assumes and agrees to pay. wife agrees to refinance said property within ninety (90) days of the signing of this agreement. wife shall indemnify and hold the husband harmless there from. wife further agrees to assume financial responsibility for the mortgage on the marital property beginning the 1st day of january, 2009."
needless to say she has yet to refinance and her "due date" was march 10th. what is his current course of action?
how about i spell it correctly at least...duh! monday strikes again....
quit claim deed! not "quick"....unless its the answer...then "quick" please. :)
quit claim deed! not "quick"....unless its the answer...then "quick" please. :)
Hi erinwilliams,
This has already been discussed on the following page:
http://www.mortgagefit.com/quitclaim/refinance-sell.html#82920
This has already been discussed on the following page:
http://www.mortgagefit.com/quitclaim/refinance-sell.html#82920