Thursday, January 26, 2012

Jointly titled reality in a divorce in Maryland

In cases that have been filed after October 1, 2006 while subject to the terms of any liens the court may transfer ownership of an interest in real property, which has been jointly owned by the parties when they lived together by

(1) ordering the transfer of ownership or any interest in the ownership to the other party, if that party obtains the release of the other party from any liens. Or

2) the court may authorize one party to purchase the other parties interested, provided everyone complies with the court's order and condition and terms.

You can find the statutory language for this court's ability to transfer ownership of property or a parties interested in ownership of property, provided there is a release of the mortgage. Or the court can authorize one party to buy out the other party on terms the court determines is appropriate. Family law article 8– 205.
If you have questions regarding divorce in Maryland and the disposition of marital property in a divorce in Maryland please feel free to call me and I will discuss your case over the phone at no cost to you. 1-888-760-7339

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