Hi DarioFoo,
Me and my husband bought a house about ten years ago. The house is still under loan and both S&P and also the house loan have both name. He already move out about 2 years and we in mist of divorce. He want his name to transfer to son. I think the lawyer might told him that he can't transfer due to son is only 7 years old. So he said he will transfer his share only when our son is 18 years old. And even his lawyer called me and said this to save the legal fees costs.
1) It is true that the house can't be transfer to a child below 18 years?
2) He refuse to transfer his share to me. What other options such as is there a property trust can be done? If yes, where to find such service?
3) If he decide not to transfer his share after a decade, can he do so if the divorce conditions stated that his share to be transfer to his son?
4) If the loan is settle in 5 years later, what need to be done after that, the house in both name? Have to wait till 11 years later then only can transfer?
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Mar 23 2012, 03:41 PM
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