Posted on: 29th Apr, 2010 05:43 pm
as part of my divorce agreement, i signed over the quit claim deed to my ex with a lien in my favor of $19000. she has till may1 to either buy it or it goes up for sale. i am the only one on the mortgage. she can't buy it and it is underwater. now she has put it up for sale. what can i do to make sure the house is sold for what i owe and get the lien money? she can't just sell it for whatever she wants can she?
Welcome Scott,
If you've placed a lien on the property, then you would be able to receive your dues after the property is sold off. After the loan is satisfied, the rest of the amount from the sale proceeds will go to you. If the property is sold off for a less amount, then your ex would be personally liable for paying off the dues.
If you've placed a lien on the property, then you would be able to receive your dues after the property is sold off. After the loan is satisfied, the rest of the amount from the sale proceeds will go to you. If the property is sold off for a less amount, then your ex would be personally liable for paying off the dues.