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Child Support Lien - Property Transfer Conundrum
Here's my situation:
I'm currently going through a divorce and live in the house with our two children. Both of our names are on the title, but only his is on the mortgage loan. With my half of his pension plan earnings during the time we were married, the back child support he already owes me, and giving up the right to any alimony, I could successfully "buy out" his half of the house so that I could remain in it with our children, rather than have to sell. We have combined debt of around $70,000 that I would take care of in the refinance process. The problem is, there is currently a $110,000 lien on the house due to his child support arrearages for his son that he has with another woman. So how does the lien get paid off? If he sells me the house for $1 in exchange for what he owes me, I refinance into my name alone, where does the lien go? I don't have to refinance an extra $110,000 do I?? |
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Child Support Lien - Property Transfer Conundrum
wrote in message ups.com... Here's my situation: I'm currently going through a divorce and live in the house with our two children. Both of our names are on the title, but only his is on the mortgage loan. With my half of his pension plan earnings during the time we were married, the back child support he already owes me, and giving up the right to any alimony, I could successfully "buy out" his half of the house so that I could remain in it with our children, rather than have to sell. We have combined debt of around $70,000 that I would take care of in the refinance process. The problem is, there is currently a $110,000 lien on the house due to his child support arrearages for his son that he has with another woman. So how does the lien get paid off? If he sells me the house for $1 in exchange for what he owes me, I refinance into my name alone, where does the lien go? I don't have to refinance an extra $110,000 do I?? This Is more a legal matter rather than a child support Issuse. I don't know enough about divorce and splitting property well enough to answer you. Are you just trying to ensure your credit standing? Or are you trying to **** him out of everything he's aquired either jointly or on his own? Who wants to leave who? If you are leaving, then you should forego any rights and give up everything to him. And before you call me biased, If It's him who's leaving the same applies. |
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Child Support Lien - Property Transfer Conundrum
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Child Support Lien - Property Transfer Conundrum
Oops. Look like "for the child" benefits got to another child before it got
to yours. Funny when the child support laws screw the other way, isn't it? wrote in message ups.com... Here's my situation: I'm currently going through a divorce and live in the house with our two children. Both of our names are on the title, but only his is on the mortgage loan. With my half of his pension plan earnings during the time we were married, the back child support he already owes me, and giving up the right to any alimony, I could successfully "buy out" his half of the house so that I could remain in it with our children, rather than have to sell. We have combined debt of around $70,000 that I would take care of in the refinance process. The problem is, there is currently a $110,000 lien on the house due to his child support arrearages for his son that he has with another woman. So how does the lien get paid off? If he sells me the house for $1 in exchange for what he owes me, I refinance into my name alone, where does the lien go? I don't have to refinance an extra $110,000 do I?? -- The Source For Premium Newsgroup Access Great Speed, Great Retention 1 GB/Day for only $8.95 |
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