should I sign a quick deed release before i recieve the money for the buy out of my home from my ex husband.\’
My divorce is final… he is buying me out on our house. Should I sign the quick deed release so he can get 2ND loan to buy me out or should I get the money in my hand first???
Oh sweetie don’t sign it until you get the money. Been there done that, had to bend over and grab ankles (lol) because he didn’t pay me after I quit claimed.
Yikes, no, give the signed and notarized deed to the title company with instructions to hold for payment and for them to inform the lender that the deed is waiting for them to fund your ex before releasing. It’s done all the time. An ounce of caution is worth a pound of court papers.
Make sure you are not on the mortgage! Do not sign that deed unitl you know for sure. He can refinance without you listed. Once that is in place, then sign the deed in exchange for the money.
Good advice on here, but better yet, contact a real estate attorney, pay the $500 or so out of your proceeds you are receiving and let him/her handle it for you… it’s well worth the money. Call tomorrow.
MONEY FIRST! or have your attorney handle it and do it at the clising of the second it can be done. he can get a loan conditionally on the deed being signed buy you so he could close and the title company could hold the money he owes you in escrow and give it to you when it funds!
let me clarify! your husband can get his financing conditionally and you can sign condidtionally. this sounds hard but not really you agree to sign as loang as its agreed that the title company set aside the money he owes you. once these agreements are made. the title company can close as long as its included on his closing statement that lets say 50k gows to you his hands never touch it. he signs you sign and the title company distributes the money!