What is the name of your state (only U.S. law)? MO
Ex and I divorced in August 0f 2009. Divorce Decree states home “shall be placed on the market for sale on or before April 15th, 2010 and the net proceeds therefrom divided equally between the parties.”
The home was put on the market prior to April 15th but after 6 months did not sale. The Ex wanted me to buy her out of her half of the equity because she was facing bankruptcy. Because of the housing crash the value of the home was much less than she anticipated. I had the home appraised and showed her the appraised amount of the house compared to what we owed and I gave her an amount equal to half of the equity in the home. She signed a quit claim deed that states ‘Grantor acknowledges payment in full and satisfaction of one half equity in aforementioned property concerning case no. ####-#######, and releases any and all interest in subject property.’
Ex has filed a Show Cause Motion for Contempt of Court because I never sold the home. The home values have gone up a lot since then and she wants the equity. She says in the motion the amount I gave her was pre-payment for her half of the equity when I sold the home. With the wording of the quit claim deed and an appraisal showing the amount I gave her was half of the equity at the time does she have a case?
Ex and I divorced in August 0f 2009. Divorce Decree states home “shall be placed on the market for sale on or before April 15th, 2010 and the net proceeds therefrom divided equally between the parties.”
The home was put on the market prior to April 15th but after 6 months did not sale. The Ex wanted me to buy her out of her half of the equity because she was facing bankruptcy. Because of the housing crash the value of the home was much less than she anticipated. I had the home appraised and showed her the appraised amount of the house compared to what we owed and I gave her an amount equal to half of the equity in the home. She signed a quit claim deed that states ‘Grantor acknowledges payment in full and satisfaction of one half equity in aforementioned property concerning case no. ####-#######, and releases any and all interest in subject property.’
Ex has filed a Show Cause Motion for Contempt of Court because I never sold the home. The home values have gone up a lot since then and she wants the equity. She says in the motion the amount I gave her was pre-payment for her half of the equity when I sold the home. With the wording of the quit claim deed and an appraisal showing the amount I gave her was half of the equity at the time does she have a case?