Illinois  |  Real Estate Law

Legal Question

Asked on: 10/08/13, 8:45 am

I live in Illinois buying a farm with house on contract for deed. Contract was signed by me and now ex-wife ten years ago. At time of divorce(6 years ago) she sign a quit claim to be kept with the contract at the bank. I am now remarried, contract was moved to a new bank by the sellers this year. My wife would like a new contract made, so that if anything happens to me, she doesn't lose the farm. What are my options and risk exposure.

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