Deed in lieu of foreclosure
My wife and I was married in 1997. She purchase a property from her parents in 2002. I maintain the property she collected rents. We are unofficially separated. She only made one payment this year. Her father threatened to foreclose. I had improve the property installing central air conditioning, relocating the kitchen, building a new bathroom, etc. She gave her father a deed in lieu of foreclosure without my knowledge. The property is worth $200,000. We owe $45,000. We were $3,500 in late payments. Her father never sent a demand for payment. I had a plan to pay him which i discussed with her. She decided to give the house back and tell me about it the next day while asking me to leave so we could be officially separated. What recourse do I have. By the way there is another house that is in her name with $300,000 in equity.
1 Answer from Attorneys
Re: Deed in lieu of foreclosure
Better get yourself an attorney(if you haven't already done so). Your marital claims for your various contributions to the property at issue will have to be settled in the course of your divorce.