Standard length of time?


#1

I am purchasing the marital home from my husband and he will sign a Quit Deed on the Property. Is there a standard length of time for refinance after divorce before he can “force” me into selling the home? He presented me with ridiculous papers last night saying 3 months after signing the Quit Claim Deed…

Thank you in advance


#2

Usually, a party won’t sign a quitclaim until after the refinance occurs because they would still be obligated to the debt but not have any interest in the property. There is no standard time for a refinance, but three months is usually sufficient to qualify for a loan and complete the process. If you need additional time to show the bank employment income or support income, this could be an argument for why you would need this deadline to be extended.