In the typical divorce case, most of the property at issue is titled in the name of one or both parties. Sell the timeshare property to a third party who will be under no obligation to honor the contracts of timeshare purchas- ers.3). Third-party resources. Here are the steps to take if you find yourself in this situation: The treasury regulations say you must give them written notice of the assignment. A property settlement agreement becomes a legally binding part of the final judgment when your marriage is officially dissolved. Parcel, or contracts for the sale of Grantor's Parcel with any third party. Addressed in a partition and exchange agreement. Note: The same distinction can be made between actual medical expenses and future medical expenses. The entity (which was named as a third party defendant in the divorce) defaulted on the loan and the property was turned over. Court found the property to be.