Pennsylvania  |  Real Estate Law

Legal Question

Asked on: 6/23/13, 7:53 am

My now ex-husband and I signed a settlement agreement back in December stating that I was waived of all ongoing mortgage payments- as he was the one living in the house- and that when we sold the house in the spring, I was to receive 50% of the proceeds of the sale.

The house is now contingent to sell, and I am in the process of purchasing my own home. My mortgage broker and lender wants me to sign at quitclaim deed to remove me from the deed of the house my ex-husband and I owned jointly, so as to remove it as a liability of mine (and ultimately have my mortgage approved).

Does signing this quitclaim deed void our settlement agreement and my entitlement to the portion of the sale proceeds when our marital home closes?

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