“The Love Can Go Away, But the (Promissory) Note Does Not”

Divorce Settlement Screw-Up’s:  Exhibit A Test your knowledge of mortgage finance, and answer the following question (aired at a continuing ed class yesterday): If a deed is given from an ex-husband to an ex-wife,** the ex-wife is automatically the sole owner of the real property and the sole obligor on the mortgage. A. True B....
Read More

Real Estate Title Trivia

Q:  Is a quitclaim deed executed by a divorcing spouse in favor of their ex-to-be valid before their divorce is final? A. Yes B. No C. Maybe Answer:  No Being a former corporate attorney didn’t give me a clue about answering that question (my first guess was “Yes,” followed by “Maybe”). Which is a good reason...
Read More