Divorce and property settlement

[poorteacher3]

What is the name of your state? Louisiana

My husband and i are legally separated. i have decided to sign over the title to our house to him in exchange for 12,000 in equity- he is refinancing the house in order to do this. We are supposed to close on Friday however his lawyer just said that we cannot do this until our divorce is final and community property has been settled. He said he could prob. have the divorce final by Friday but that it would take at least another week before the community property settlement could be done. he says that I would have to sign over the house to my husband and trust that I would receive the 12,000 after the property settlement. Is this true or can we go ahead with the closing on Friday?

[BelizeBreeze]

Originally Posted by poorteacher3

What is the name of your state? Louisiana

My husband and i are legally separated. i have decided to sign over the title to our house to him in exchange for 12,000 in equity- he is refinancing the house in order to do this. We are supposed to close on Friday however his lawyer just said that we cannot do this until our divorce is final and community property has been settled. He said he could prob. have the divorce final by Friday but that it would take at least another week before the community property settlement could be done. he says that I would have to sign over the house to my husband and trust that I would receive the 12,000 after the property settlement. Is this true or can we go ahead with the closing on Friday?

Tell the attorney as soon as the divorce AND property settlement are final and the court has signed off on the deal, THEN and ONLY THEN will you proffer your signature on any deed relinquishing your share of the marital home.

[poorteacher3]

does that mean we cannot go through with the closing- me signing my half over to him and him giving me the 12,ooo- before the divorce and property settlement have been done?