Question by sagehawk0685: Help with divorce papers and real estate question. Who owns the house?
This comes directly from the divorce papers:
“An appraisal shall be done to determine the value of the real property, and Petitioner and Respondent shall each pay one-half the cost of the appraisal. Petitioner is awarded the real property, subject to Respondents lien on the real property for the amount of one-half of the appraised value of the home, which amount Petitioner shall pay to respondent upon the first of the following to occur: Petitioner remarries or cohabitates, or vacates the home, OR parties’ youngest child graduates in due course from high school or attains 18 years of age, whichever later occurs.”
Appraisal was never done on the home and there is no lien on the home. It says that petitioner is awarded the real property, does that mean it is the petitioners. Help me understand this please. Is it saying that the petitioner has a lien against the home owed to the respondent. When this divorce occurred there was no bank loan on the house, it has been completely paid for.
I’m trying to help a friend in need right now with some issues that are occurring with the ex demanding rent money for the house.
Also assume that the youngest child is graduated and past 18
Also, according to what i read, in order for there to be an actual “lien” there must be a deed, a note and a deed of trust (or mortgage). None of this ever occurred.
Best answer:
Answer by ChazSexy
nobody owns the property, do they? that’s how I’m reading it.
Give your answer to this question below!
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Divorce in Hard Economic Times May Be Better for the Wealthier Spouse
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Read more on The Seattle Times (blog)
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