DKDiveDude
Member
What is the name of your state? North Carolina
11 1/2 years ago my ex-wife and me bought a house on a 20 year owner financed mortgage. The year after we separated, documenting via email agreement that I would pay her half of the then equity value, and she would in turn relinquish any claim to the house, as I solely took over mortgage payments.
Well it was a tumultuous time, with custody battles spanning many years, where in the end I got sole custody of our son. Anyways even though I have documentation I paid her, method being in part I covered her part of shared child daycare costs, no transfer of ownership was ever done.
I have finally downloaded a "Quit Claim Deed" form, which we intent to fill out and get notarized. However I have a concern about some wording in the document;
"KNOW ALL MEN BY THESE PRESENTS, That for and in consideration of the sum of ___________________________ ($__________________) in hand paid to..."
My question about that, since her "relinquish" payment was not paid in hand, nor in one transaction, what to do?
Should I a) Fill in the many years ago agreed upon amount which was fulfilled, or b) Fill in zero ($0) or a symbolic $1 amount, or c) Change the document wording according to our arrangement, or do something entirely different?
11 1/2 years ago my ex-wife and me bought a house on a 20 year owner financed mortgage. The year after we separated, documenting via email agreement that I would pay her half of the then equity value, and she would in turn relinquish any claim to the house, as I solely took over mortgage payments.
Well it was a tumultuous time, with custody battles spanning many years, where in the end I got sole custody of our son. Anyways even though I have documentation I paid her, method being in part I covered her part of shared child daycare costs, no transfer of ownership was ever done.
I have finally downloaded a "Quit Claim Deed" form, which we intent to fill out and get notarized. However I have a concern about some wording in the document;
"KNOW ALL MEN BY THESE PRESENTS, That for and in consideration of the sum of ___________________________ ($__________________) in hand paid to..."
My question about that, since her "relinquish" payment was not paid in hand, nor in one transaction, what to do?
Should I a) Fill in the many years ago agreed upon amount which was fulfilled, or b) Fill in zero ($0) or a symbolic $1 amount, or c) Change the document wording according to our arrangement, or do something entirely different?
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