1st & 2nd DOT
Live in Calif. divorce final in 60 days. I got the house, wife got the 2nd mortgage. 2nd mortgage is interest only payments until 2011 then a balloon payment of $60,000 due.
Question:(s) Can I have wife sign quit claim deed and take her name off DOT on 1st mortgage. Do I remove my name off 2nd DOT.
When Judge ordered wife responsible for 2nd he put in a hold harmless clause what does that mean to me. Any thing I need to know other than if she default on 2nd they could very well force me to sell home.
Thanks
Re: 1st & 2nd DOT
I would probably consult with an attorney for some analysis prior to signing your judgment and finalizing your divorce.
It’s probably a bad idea to enter a judgment without fully knowing what you are required to do.
Good luck.
As always please consult a qualified attorney before taking legal steps.
Law Offices James Chau
181 Devine St.
San Jose, CA. 95110
http://www.jameschaulaw.com/
http://sanjosefamilylawyer.blogspot.com/
James Chau
Law Offices James Chau
1625 The Alameda Suite 204
San Jose, CA 95126
Re: 1st & 2nd DOT
I’d need to review your order to be of any use. Contact my office, if you’d like me to review it and provide some feedback.
Phillip Lemmons, Esq.
Law Offices of Phillip C. Lemmons
10221 Slater Avenue, Suite 106
Fountain Valley, CA 92708