Legal Question in Family Law in New Jersey
Pre-Marital Property
I am looking at a Divorce. My wife of 5 years left me for an old friend of mine. I currently have custody of our son. In three months it will be a year since she left. I purchased my home 5 years before we were married. I am currently in financial strauts and wish to sell my home to ease my burdens. My name is the only name on the deed for the house and I was the only one to sign any papers in that respect. Can I sell my home without my wife's signatures and without her receiving any monies so my son and I can be better cared for?
2 Answers from Attorneys
Re: Pre-Marital Property
It is a matter of whether the buyer will feel safe with a deed which does not convey your wife's potential claim to a share of any increase in the value of the house during the marriage due to her efforts. Such a claim will probably turn out to be of no value, but it's potential value may scare away a buyer. You should offer it for sale and put aside reasonable portion of the proceeds of the sale, as advised by an attorney, if there is a buyer who will forgoe having your wife's signature on the deed.
Gary Moore, Esquire
Hackensack, New Jersey
800 273 7933
Re: Pre-Marital Property
Unfortuantely, if your wife lived in the house during the marriage for any length of time, you cannot sell it without her signature. It is unlikely a seller will accept a deed without her signature even if you agree to hold a portion in escrow. This is because she may also have an interest under equitable distribution. You should file for a divorce as soon as possible including custody. Ask for the house to be ordered to be sold and try to limit her interest in the house. She may be entiltled to some portion of it based on the increased value while she lived there. If you want to proceed with any action or have further questions, please contact our office. Good luck.