My question involves a marriage in the state of: AL
Divorce was final August 2013. I listed this vacant unimproved property for sale on craigslist and put "For Sale by Owner" signs on the property. Coming up on 2 years this is still hanging over my head. I am paying all the taxes, insurance, etc on this property. I am wondering now, can I just sell it for a $1 to get rid of it?"Husband owns certain real property located at XXXX drive, CITY, AL, COUNTY. The parties agree that said property shall be listed for sale and upon sale of said property, the net proceeds shall be equally divided between the parties. The parties acknowledge that said property is free of any indebtedness.
Secondly, if I can sell it for $1, can I sell it to an LLC that I formed after the divorce?
The entire text of our agreement dealing with this property is quoted above. It says nothing about appraisals or fair market value or who I can sell it to, basically it has no restrictions at all. In my mind absence any restrictions I am free to sell it to whom ever for whatever, including and LLC to I own.
For full disclosure, I would estimate the Fair Market value at $25-35k; Property was purchased for $20K in 2011. Again, its vacant and unimproved land. I have been listing it as $38k (neg) and I have had ZERO offers. At this point if someone would offer me $20k or even $15k I would have taken it.
I have also thought about not paying the taxes and letting the county have it.

