My husband and I purchased a home for son and wife. We put them on the Deed of Trust in 2001, in 2006 they were divorced. I realize we each (should we sell) gain a 1/4 ownership. If the title still reads John and Jane Doe husband and wife and Bob and Betty Doe husband and wife jnt tennants, do we redo the title to read Bob and Betty Doe, individuals, not married or does "Betty" not have any future rights since the divorce was final?? HELP
Real Estate Attorney
Was the property interest awarded to Bob or Betty in the divorce? If it was not divided, they should do so now. Otherwise, title remains as is and they each get their 1/4 share.
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Family Law Attorney
If son and wife's interest was not decided as part of their divorce judgment, they need to go back to court, pursuant to Family Code section 2556, to decide how the joint asset should be distributed between them.