Legal Question in Real Estate Law in New Jersey
Quit Claim Deed
State of New Jersey: My ex lives in the house and the house is titled to both of us. Can I do a quit claim deed and transfer/sell my rights to the house to someone other than the ex and/or children? The equity on the house is approx. $200K. Ex is not willing to sell the house and I need some money for my living expenses and for child support obligation
2 Answers from Attorneys
Re: Quit Claim Deed
You first have to carefully review your divorce/property settlement agreement. Before doing anything, bring them to an attorney to get an legal opinion.
Re: Quit Claim Deed
This question is impossible to answer without reviewing your divorce Judgment and/or Settlement Agreement. However, even if you were able to sell your 1/2 interest any buyer would pay only a small percentage of your equity. Call us if you want an appointment to review your paperwork.