Posted on: 30th May, 2009 10:48 am
my ex & i have been divorced since 2000.
he moved to ms, i stayed in our home in il. he never signed a quit claim deed. years agao i did a loan modification w/the mortgage company & though i provided divorce papers that stated i have sole possession of the property they kept my ex's name on all the mortgage documents.
i'm now worried my ex may be in trouble with the irs and i could face a possible lien agains the house because of him. he' doesn't want to see this happen either so he's agreed to sign a quit claim deed - but will this prevent the irs from placing a lien on taxes he owes? if it will, how do we go about it since he lives in ms & i'm in il
he moved to ms, i stayed in our home in il. he never signed a quit claim deed. years agao i did a loan modification w/the mortgage company & though i provided divorce papers that stated i have sole possession of the property they kept my ex's name on all the mortgage documents.
i'm now worried my ex may be in trouble with the irs and i could face a possible lien agains the house because of him. he' doesn't want to see this happen either so he's agreed to sign a quit claim deed - but will this prevent the irs from placing a lien on taxes he owes? if it will, how do we go about it since he lives in ms & i'm in il
Guest if yoru husband give you quit claim deed and if you have proper documentation, then IRS shoudl not come after your house.
Make sure it is spelled out inyout divorce documents and also consult a tax attorney to be safe.
Make sure it is spelled out inyout divorce documents and also consult a tax attorney to be safe.
I would like to support to Realgeni.
Follow his instructions to be safe.
Thanks & Regards.
Follow his instructions to be safe.
Thanks & Regards.
Hi Guest,
Your husband is still the owner of the property and also has the mortgage in his name. If your husband now transfers the property to you with a quitclaim deed, then IRS can consider this as a fraud and may penalize him. I would suggest both of you to consult an attorney and discuss your options.
Thanks
Your husband is still the owner of the property and also has the mortgage in his name. If your husband now transfers the property to you with a quitclaim deed, then IRS can consider this as a fraud and may penalize him. I would suggest both of you to consult an attorney and discuss your options.
Thanks
jameshogg - the irs has not taken any action against him as of yet. is it still considered fraud? and does the irs consider the facts - he has not lived in the property for nearly 10 years, nor contributed to it, and our divorce decree clearly states i was granted sole possession of the property. my only fault is that i've never been able to refinance to show the mortgage in my name only.
I think ti is safe to consult an Tax attorney, so they can direct you with the right steps to get out of this situation quick with out much legal issues.
Hi Melana!
Welcome to forums!
It would have been better if you could have refinanced the property in your name. I would second James Hogg and suggest you to talk to a attorney and take his opinion in this regard.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
It would have been better if you could have refinanced the property in your name. I would second James Hogg and suggest you to talk to a attorney and take his opinion in this regard.
Feel free to ask if you have further queries.
Sussane