What to do about a home that was not sold as part of my divorce decree?
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What to do about a home that was not sold as part of my divorce decree?
Approximately 9 years ago ex-husband and I purchased a home. My name is on the deed only. The home was supposed to be sold and paid off and the remainder if any of the money was to be split. The home was not sold and now my ex-husband is asking me to sign a quickclaim deed. If I do so, am I entitled to receive anything monetarily wise?
Asked on October 25, 2011 under Real Estate Law, Georgia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Before you sign any documentation concerning an asset that was part of your dissolution decree, you need to consult with a family law attorney about the situation so that he or she can carefully review the dissolution decree. This decree determines the rights and obligations owed to you by your former husband and vice versa in the absence of conficting state law.
If your name is on the property's title, if you sign a quit claim deed to your former husband regarding it, you are essentially releasing all claims that you may have in it. This may not be a wise decision on your part since you are inquiring if you are entitled to receive any portion of its sale proceeds.
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