I am the only person on both the loan note and the title/deed for the house. My ex wife is allowed to stay there by way of the separation agreement. I was to execute a quit claim deed to her. However...I've found that the only way I can do this is if the loan is caught up. At present it is behind by about $14,000 so this is not a possibility for either of us to do. Would the lender allow me to do a short sale of the home to avoid foreclosure, which would be in contempt of the terms of the separation agreement, and what consequences would I face as a result of the sale?
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