The Deed to the LLC is Valid… - Posted by JT-IN
Posted by JT-IN on July 28, 2007 at 15:23:27:
But it doesn’t necessarily provide clear and marketable title to the property. If the details are as stated, and she knew nothing of the property, then she still has a Dower interest in the property.
So IF the price being quoted to you is a good enough of a “spectacular discount”, then it may still be a valid play, in spite of the X-Wife’s remaining interest. Now if you can acquire the X’s interest for pennies on the dollar, so much the better.
I think that I would get it under contract, with sufficient language regarding conveyance of clear title, and then approach the X-Wife about signing a QC Deed; for adequate consideration, of course. If she balks, then maybe you have your answer here. If not, and you get the Deed, then you could either close on it, or partition it. You would surely have some choices then.
Just the way that I view things…