interspousal transfer of deed and divorce
I am a resident of California and going trough a very difficult divorce with my husband. We were separated before (4 years ago) and saw a mediation attorney at that time. He was not employed and agreed to let me have the house to live in it with the children since he could not provide support for the children. We also agreed that I will pay the mortgage. I refinanced the mortgage to transfer it under my name alone and he signed an interspousal transfer of deed by which I became the sole owner of the house as my separate property. Now as we are going through the division of property, he wants half of the value of the house saying that he signed the deed and mortgage documents under durress, hoping to reconcile with me.
This was not the case, in fact, I filed for legal separation and he acknowledged the sute by signing the documents. Will the judge consider the house my separate property, or do I have to sell it and split the money.
Thanks.
can I refinance while going through divorce proceedings
Hello:
I live in California and going through divorce proceedings. My husband deeded the house to me as "a married women sole owner" back in 2004 when he first left us and wanted nothing to do with me and the children, or any responsibility for the household expenses and mortgage. I refinanced it with an adjustable, interest-only loan so I could make the monthly payments on my income alone.
Now that we are going through the divorce years later, he claims that he wants half of the house value that he deeded the house to me out of pressure because he wanted to reconcile with me. While all this is being worked out in the court as far as the judge deciding whether I and my children can keep the house or whether I have to sell it and give him half of the value, can I refinance it to a 30-year fixed interest rate.
The mortgage is going to reset shortly and I'm afraid I will not be able to make the monthly payments at the new interest rate it will be reset to. Is this allowed while the divorce is still going on and no final decision has been reached. I don't plan to take any cash out, just to refinance it for the outstanding loan amount. I do have approx. 100,000 equity in the house, however I will not tap into it.
P.S. I currently have full custody of the children, and my husband has very limited supervised visits due to mental illness and past abuse of the children and me.
Sorry for the long post, but I thought it would help if I gave more detail. Thanks in advance for your advice.