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Re: House in a dovorce? [Re: 2zwudz] #8578102
03/06/26 08:53 PM
03/06/26 08:53 PM
Joined: Dec 2011
MT
S
snowy Offline
trapper
snowy  Offline
trapper
S

Joined: Dec 2011
MT
330 may chime in on his same scenario he is going throu.


Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
Re: House in a dovorce? [Re: 2zwudz] #8578117
03/06/26 09:16 PM
03/06/26 09:16 PM
Joined: Oct 2020
Southern Indiana
IN cooner Offline
trapper
IN cooner  Offline
trapper

Joined: Oct 2020
Southern Indiana
quit claim deed. Google it. You need a lawyer now though, not the T man crew advising you.

Re: House in a dovorce? [Re: 2zwudz] #8578147
03/06/26 09:49 PM
03/06/26 09:49 PM
Joined: Jan 2012
PA
P
panaxman Offline
trapper
panaxman  Offline
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P

Joined: Jan 2012
PA
Send lawyers, guns, and money- the sh-t has hit fan!

Re: House in a dovorce? [Re: 2zwudz] #8578225
03/07/26 12:10 AM
03/07/26 12:10 AM
Joined: Dec 2006
East-Central Wisconsin
B
bblwi Offline
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bblwi  Offline
trapper
B

Joined: Dec 2006
East-Central Wisconsin
If the house is part of the total asset picture that will need to be part of the settlement, it would suprise me if it were not appraised and thus could creat a change in value and RE tax.

Bryce

Re: House in a dovorce? [Re: 2zwudz] #8578228
03/07/26 12:26 AM
03/07/26 12:26 AM
Joined: Apr 2011
SE SD
D
DWC Offline
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DWC  Offline
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D

Joined: Apr 2011
SE SD
This thread just reminded me to go get my wife some flowers…

Re: House in a dovorce? [Re: DWC] #8578230
03/07/26 12:27 AM
03/07/26 12:27 AM
Joined: Jan 2019
Northern IN USA
Flipper 56 Offline
trapper
Flipper 56  Offline
trapper

Joined: Jan 2019
Northern IN USA
Originally Posted by DWC
This thread just reminded me to go get my wife some flowers…

grin


"Where Can A Man Find Bear Beaver And Other Critters Worth Cash Money When Skinned?"

Re: House in a dovorce? [Re: 2zwudz] #8578238
03/07/26 12:54 AM
03/07/26 12:54 AM
Joined: Dec 2007
40 years Alaska, now back to O...
A
alaska viking Offline
"Made it two years not being censored"
alaska viking  Offline
"Made it two years not being censored"
A

Joined: Dec 2007
40 years Alaska, now back to O...
Just a heads up about Quit Claim Deeds. I did a lot of work with realtors, banks, appraisers, and insurance companies in my construction career, and Quit Claims can indeed be used to either transfer ownership of a house or real property, or well as remove a willing partner from a deed. However, and this is important: If you are both on a mortgage, and in this case her income was included to qualify for it, the bank will need to originate a new mortgage or alter that mortgage, as THEY are technically the lien holder. That is why until that mortgage is paid in full, you don't hold the title.


Just doing what I want now.

Re: House in a dovorce? [Re: 2zwudz] #8578240
03/07/26 12:59 AM
03/07/26 12:59 AM
Joined: Jan 2008
Alaska and Washington State
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waggler Offline
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waggler  Offline
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W

Joined: Jan 2008
Alaska and Washington State
An appraisal will not make your taxes go up, the County assessor will never see that appraisal, it's the County Assessor's appraisal that makes your taxes go up.

Any values assigned to the two parties of a divorce are not an "arms length" transactions, and should not have any bearing on your assessed value.


"My life is better than your vacation"
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