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Interspousal Transfer Deed

cwcottagecwcottage member
100 Comments
in Second Weddings
The ex is taking care of this today! Yay! The house will be mine. I agreed to waive child support for the house. Financially to my benefit as there is a lot of equity. He's pissed about having to pay support anyway. After 3 years it just kicked in a couple of months ago so that's fine by me. Has anyone else done the deed as part of a divorce?
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Re: Interspousal Transfer Deed

  • MikesAngieMikesAngie member
    1000 Comments Third Anniversary Name Dropper 5 Love Its
    edited December 2011
    My xH got the house, no equity in it, plus he was in a better position to afford it. He had to re-fi to keep it though, didn't want to be financially responsible for something that wasn't mine.

    Good for you that your loose ends are getting tied up.
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  • pamila51510pamila51510
    2500 Comments Combo Breaker
    edited December 2011
    Wonderful!!!Congrats!!! I had to see the house to get rid of him and his mother !!! LOL they got nothing when I sold it HAHAHA sorry feel a bit evil about that but ugh so glad they are out of my life well she is anyway.   
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  • Marrin713Marrin713 member
    1000 Comments Third Anniversary 5 Love Its Combo Breaker
    edited December 2011
    We sold the house while we were separated.
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  • cwcottagecwcottage member
    100 Comments
    edited December 2011
    So many different situations and options. We bought the house in 89 and have put a lot into it remodeling and improving. I have paid the mortgage and everything else for the last 3 years myself. He went through a "we are selling it no matter what" deal but I offered him a bunch of options including waiving the child support for me to keep it and have him sign it off. I wish I could refi and get him off the deed but I wouldn't qualify now. He won't have any claim to the proceeds if and when I do sell but he still will be financially obligated lol And my lawyer told me I could always re-file for the child support later too (evil grin). I don't think he knows about that part haha But it will be mine! And in the next few years I probably will sell so the FI and I can build something closer to his family.
    Stuff For Sale http://www.flickr.com/photos/chrisbriwedding/
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  • Sue-n-KevinSue-n-Kevin member
    Seventh Anniversary 5000 Comments 25 Love Its First Answer
    edited December 2011

    It must feel good to extricate yourself from this "joint" situation that feels like an albatross around your neck.

    In my case, my "ex" is an ex-boyfriend, father to my daughter. We moved into my current home when our daughter was 7 days old, over 15 years ago. I sold my prior condo, he had nothing but debts. He had to sell his beloved Camaro convertible to pay off all his debt. The house was in my name only, and remains so. I was raised to always take the high road, so I paid him some money for the things he bought for the house.

    We've both moved on. In Michigan, when a woman owns a home and marries or re-marries, the laws are written so the new husband's name does not have to go on the deed (dates back to the 1800's when unscrupulous men married wealthy widows). My fiance is aware I will not be putting his name on the deed, because I have 2 children and want to protect their interests. If anything happens to me, he gets one of my life insurance policies over $100K, LOL, to continue with his own life. He's fine with that.

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  • AmomtomanyluvsAmomtomanyluvs
    100 Comments
    edited December 2011
    i wish mine was that easy. I could not do that with my house. it is still in both me and my ex husbands name...I actually got screwed in the divorce...like super bad. so we both still own the house...but me and my FI could not stand the house..its is a bad situation...we have a horrible infestation of bats..and all the walls andattic contain bats and its guano. it was unhealthy so we had to move. what am i doing about the house? i have no idea yet...but since its in ex name too he has to agree to whatever i do, or his credit goes to crap, just as he has made mine...
    BUT congrats to you and your house...thats awsome!!
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  • right1thistimeright1thistime member
    Ninth Anniversary 1000 Comments 25 Love Its Name Dropper
    edited December 2011
    Excellent!  I got the house in my divorce, and refinanced shortly thereafter to get his name off it.  He had not paid any of the mortgage or renovation expenses, so there was NO way he was getting a dime out of me.  I found the house to be very symbolic to me, of both myindependence and my ability to be self sufficient.  In fact, 4 years after getting married, we still own 2 houses!  The tanking real estate market meant we have held onto them.  <sigh>  ~Donna
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  • mehgankmehgank
    2500 Comments Third Anniversary
    edited December 2011
    In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/special-topic-wedding-boards_second-weddings_interspousal-transfer-deed?plckFindPostKey=Cat:Special Topic Wedding BoardsForum:35Discussion:6039e6e5-21da-48c6-99da-9f356146309aPost:a05325fe-a825-4211-9c84-fb60b0222a82">Re: Interspousal Transfer Deed</a>:
    [QUOTE]i wish mine was that easy. I could not do that with my house. it is still in both me and my ex husbands name...I actually got screwed in the divorce...like super bad. so we both still own the house...
    Posted by Beccabot4[/QUOTE]

    ^^this

    I still co-own a house with my ex and I can't stand it. It really bothers FI, but at this point, if we were to sell, we'd both incur about $15,000 worth of debt, and I don't know if I could handle that financially. I can't wait to sell it, though. Our tenants are horrible (but at least we have tenants) and I'm tired of having to send my ex $ every month since the mortgage on it is about $400 more per month than what our tenants are able to pay.
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  • BlueDolphin2620BlueDolphin2620 member
    10 Comments
    edited December 2011
    Wow!  listening to all your stories really makes me glad my name was never on the house I lived in with my ex.  We bought the house a few months before we were married and in order to get a certain kind of loan, they went by his income.  They said we could put my name on it after we were married.  We never did.  In the divorce agreement, I gave up my rights to the house in exchange for him paying off my car loan and having it put in my name only.  Two years ago, he decided he didn't want to live in the house anymore and he sold it on contract to a couple and began trying to get them financed to buy it outright.  He just finally closed on it last week. Had to take $1500 to closing.  I'm so glad that I didn't have to share that financial burden or go through closing with him.  I hope everyone's situation works out to your benefit!
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