Hi
I was just wondering if any body has had a deed of trust written up when purchasing a house with their spouse or if any one knows if a deed of trust stands after divorce?
I sold my home which I owned out right after the death of my first husband. The money from the sale of my home paid for 50% deposit on my new home with new husband and a joint mortgage taken out on the other 50%. At the time my new husband agreed that the 50% put in from my first home should be protected.
We drew up a deed of trust and since 50% of the house was bought using my cash from my former home paid for by the death of my first husband, and then a joint mortgage on the remainder that 75% of the house was mine and 25% my husbands . We have move since and the deed of trust was altered to the new home saying if the house was sold any equity would be divided 75% 25% in my favour .
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I would like to know if a deed of trust is invalid if my H and I divorce ?
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