Legal Question in Real Estate Law in Michigan

signing off a quitclaim deed and recieving divorce settlement

I was divorced in MI and my home was in TN, In my settlement I am to recieve money from my home being remortgaged in my exhusbands name and sign the quitclam deed. The mortgage co. wants me to sign his loan papers and the quitclaim and wait form the three day period before they sent me a check. What if he cancels and I've already signed my share of the home over, and the biggest question is why would I have to sigh his loan papers??? Would that not make me financially liable for this loan???? Please help the mortgage company is trying to say it's just a technicality, but I sure just want to be done with any ties to his guy, and I don't want to be tied to his credit any longer, let alone the fact I want to purchase a home of my own and if I'm already showing technically on a loan I'm sunk. Thank You for your time


Asked on 4/07/05, 2:57 pm

1 Answer from Attorneys
Blake Lipman Law Office of Blake P. Lipman

Re: signing off a quitclaim deed and recieving divorce settlement

Do not sign anything!!! Your divorce is final? If so, you need only sign the QCD. Also, you should contact the title company handling the closing. Explain to them the situation, you should not sign and deliver the deed until the 3 day rescission period has ended. Perhaps, a deed can be put in escrow. You would need a detailed escrow agreement outlining that the deed should not be released until the loan funds and you receive your check. For more info, please contact my office at (248)851-3171.

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Answered on 4/07/05, 3:02 pm


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