Legal Question in Real Estate Law in Georgia
quit claim deed
My x is buying my share of equity in our home. They want to do a refinance, and want me to sign a quit claim deed signing it over to her so she can show ownership to do the refi. I have two problems with this: 1- If the transaction doen't go thru, for some reason, I will be out of all equity. 2- I don't know the final dollar amount I'm about to get because the appraisal is in the process of being finalized and not yet complete. So therefore, I could get a ''low-balled'' amount thrown in front of me at the last minute and be forced to either accept it or loose everthing. My laywer is not a real estate attny, but advises me to not sign a quit claim deed unless I am at a closing and about to recieve a check. The closing attorney says he is going to set it up in some kind of escrow, whereas, if the x does not excecute the deal, the property goes back to me. What are my legal options if case one or two occurs?
2 Answers from Attorneys
Re: quit claim deed
You have a lawyer who knows the whole story. Discuss with him/her.
Re: quit claim deed
You should ask the two attorneys to speak with each other about the matter. It sounds like your attorney gave you good advice.
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