What is the name of your state? New York
I will try to make this as simple and straightforward as possible. Recently my spouse and I signed a seperation agreement. Using the kids I let her talk me into giving up all my rights to the house which the deed is in both of our names. In order for me to do this I would need to file a "quit deed" claim which I have not done as of yet and do not want to. We have 2 kids and I am paying the standard 25% percent of income for child support. When we signed the agreement she agreed that she would assist me financially when I was ready to purchase a house for myself. This was NOT placed in writing on the seperation Agreement. Now she is saying that she does not have any money to help me with buying a house but she is spending $10,000 to remodel the kitchen. We have $75,000 worth of equity in the house, which 1/2 would have been mine, which would have been a nice down payment on a house for me. Initially I agreed to this because I did not want to force her to sell the house because I wanted my kids to have a stable environment. Now I feel I have been taken for a ride. After paying all my bills and child support I do not have enough to put into savings in order to save for a down payment on a home. So I am locked into a renters cycle which I am beggining to dislike. So my question is can I be forced to sign the "quit deed" claim by the courts once the divorce papers are finalized? Do I have any recourse at all? In hindsight I should have consulted a lawyer, but I was trying to do this in the most civil way possible. Any advice would be greatful. Thanks!
I will try to make this as simple and straightforward as possible. Recently my spouse and I signed a seperation agreement. Using the kids I let her talk me into giving up all my rights to the house which the deed is in both of our names. In order for me to do this I would need to file a "quit deed" claim which I have not done as of yet and do not want to. We have 2 kids and I am paying the standard 25% percent of income for child support. When we signed the agreement she agreed that she would assist me financially when I was ready to purchase a house for myself. This was NOT placed in writing on the seperation Agreement. Now she is saying that she does not have any money to help me with buying a house but she is spending $10,000 to remodel the kitchen. We have $75,000 worth of equity in the house, which 1/2 would have been mine, which would have been a nice down payment on a house for me. Initially I agreed to this because I did not want to force her to sell the house because I wanted my kids to have a stable environment. Now I feel I have been taken for a ride. After paying all my bills and child support I do not have enough to put into savings in order to save for a down payment on a home. So I am locked into a renters cycle which I am beggining to dislike. So my question is can I be forced to sign the "quit deed" claim by the courts once the divorce papers are finalized? Do I have any recourse at all? In hindsight I should have consulted a lawyer, but I was trying to do this in the most civil way possible. Any advice would be greatful. Thanks!