What is the name of your state (only U.S. law)? GA
Situation:
2 parties jointly held a mortgage on a piece of property.
Party A signed a quitclaim deed transferring full ownership of the property to party B.
Party A now wants party B to refinance the property but is in arrears to the toon of several thousand dollars owed party B in a court-ordered settlement (this money was going to be used by party B for the closing costs to refinance the home).
Party A is now threatening to sue party B to have a court order the property refinanced.
Question:
Is this kind of lawsuit likely to be succesful? In the case where a judge can order such an action, is party B's situation that he/she is paying $400 a month to cover costs that party A was court-ordered to pay and therefore cannot come up with the closing costs likely to be a succesful defense?
Situation:
2 parties jointly held a mortgage on a piece of property.
Party A signed a quitclaim deed transferring full ownership of the property to party B.
Party A now wants party B to refinance the property but is in arrears to the toon of several thousand dollars owed party B in a court-ordered settlement (this money was going to be used by party B for the closing costs to refinance the home).
Party A is now threatening to sue party B to have a court order the property refinanced.
Question:
Is this kind of lawsuit likely to be succesful? In the case where a judge can order such an action, is party B's situation that he/she is paying $400 a month to cover costs that party A was court-ordered to pay and therefore cannot come up with the closing costs likely to be a succesful defense?