What should I do about our quick claim deed situation?
My wife’s ex signed the quick claim deed removing his rights from the home that both of them are on the loan for. The house is up for sale with a real estate company with only my wife on the agreement because they have a copy of the deed. We are about to go to mediation for child custody and possibly court if that proves to be not useful. So the situation is: right now my wife and i are paying the loan, plus our rent and the good: He gets nothing when it sales and in the mean time he can’t purchase a home because he’s still on the house because we haven’t refinanced, The Bad: He’s getting good credit from us paying the mortgage on time, after he’s really hurt my wife’s credit from a truck he didn’t keep up with on the payments. What would you do? We’re wanting it sold and don’t want to refinance but I thought I’d ask someone (like you) who may know more about these deeds and if there’s something I should consider or maybe hadn’t thought of yet. Thanks!
Well, the reason I even mention that I like the fact that he can’t buy a house as long as he’s on the mortgage is because he’s going to be paying up to $ 400 a month for child support and we don’t want to hurt him. He has seen his son 5 times this year and it’s August! He picks him up for 6 hours max. When he got served the papers he was more concerned about having to pay child support than resolving and trying to negotiate, that’s what mediation is about. My question is more along the lines of: I hate small print info that I may overlook, without refinancing, if he stays on the loan…and we sell, are we still ok to sale the house? Is everything ok, I just want to not be caught off guard and be surprised because I haven’t thought of everything or missed something. So to those of you who think we’re being vindictave sorry if I didn’t clarify what I was asking and hope this helps.
yes i did mean quit claim deed sorry i was thinking faster than typing.