[WSBARP] Post-Divorce QCD Catch 22

[Ryan P. Coon]

Listmates,

I've got a client needing to record a QCD to separate property 
post-divorce but is running into what seems to be a "catch 22" problem 
so I'm looking for some creative solutions.

Client by divorce decree is awarded the family home and thus needs to 
record a QCD from ex-spouse to separate the property. However, there is 
a large amount of outstanding property taxes due (several years worth) 
and the county (Island) is refusing to record the deed without the taxes 
being made current. Client doesn't have the funds to bring taxes current 
so is seeking a loan to pay the taxes. However, client is having trouble 
procuring a loan because the bank is requiring signature of ex-spouse 
since ex-spouse's name is on the property but ex-spouse will not sign 
off on the loan.

Thus, client can't record a QCD because they don't have the money to pay 
the taxes but their having trouble getting the money to pay the taxes 
without first recording the QCD.

Any thoughts or creative work-arounds for this would be much 
appreciated, thank you.

-- 

Very Truly Yours,

Ryan P. Coon

Law Office of Cole & Gilday, P.C.

//

10101 - 270th St. NW

Stanwood, WA 98292

(360) 629-2900 (Telephone)

(360) 629-0220 (Fax)

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