Q: She is giving me the house that was hers before us for our tax refund. I can't refinance. What do I do to lock that in?
I want to make sure she can't come take it back after judge oks agreement. We would do a quit claim deed but it is financed and she is taking compensation of our taxes and 1st year claiming child. I am fixing to do our final papers and want to have the wording right.
A: Do the quitclaim deed from her to you as soon as the divorce is final. Ifshe is not requiring you to refi, then there’s no problem. The quitclaim will of course be subject to the mortgage which you will have to continue to pay. Unless you default on the loan payments and the court orders the house sold bc you breached the settlement agreement by not paying, she can’t come back and get the house from you.
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