paying mortgage and renting an apt due to pending divoice is there a better way to handle this until the house is sold renting is not an option
2006-06-21 03:41:32 · 6 answers · asked by curly 1 in Business & Finance ➔ Renting & Real Estate
Time for getting past what caused the split and figure out how between the 2 of you to get the best value from the situation.
First if you can, you need to lower your price.
Now use the kids ballpark divvy system. Remember when you were a kid and had to share a candy bar with a friend. One of you would break the candy bar in half and offer the choice to the other person as to which half they wanted. Simple but fair and very effective.
What I'm suggesting is that you agree between yourselves that one of you will make an offer to move into the house until it sells and makes some sort of payment as rent. Now that might be the whole payment or a partial payment, either way it should be better off than each of you paying half of the payment on a vacant house. So the agreement is made and the offer is made, now the other person (not making the offer) has the choice of either moving back in or letting the offeror move back in.
If moving back in isn't an option for one or both of you get creative and work out some other sort of arrangement.
Good luck
2006-06-21 07:16:47 · answer #1 · answered by GaryODS 3 · 2⤊ 0⤋
no, unfortunately not. keep in mind, also that if both of your names are on the mortgage, it will go against both of your credti reports if neither of you makes the payments IN FULL EVERY MONTH! basically, make sure that the payments are being made on time, in full until the divorce is final and the home is refinanced out of your name. remember, taking your name off the deed doesn't necessarily take your name off the mortgage, and the mortgage is a LIABILITY you are responsible for. also, if you are paying HIM for part of the mortgage pymt, be sure to pay by check, and write the account number for your mortgage in the "Memo" section. this will be useful to you later on, if things go poorly, or if you need to prove you paid him your share of the mortgage while in the process of the divorce.
2006-06-21 14:35:04 · answer #2 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋
You can sell your home through a realtor if you have some time, or you could sell to an investor immediately(for less money) and close in a couple of weeks.
If you and your future ex have agreed on the settlement your on your way.
If time is on your side, selling through a realtor will increase your sales price a minimum of 20%.
If you live in AZ, you can get a value of your home on my website
nickruggeri.com
2006-06-21 11:07:37 · answer #3 · answered by Nick R 3 · 0⤊ 0⤋
Typically the biggest reason the house doesn't sell is becuase of the price. Reduce that price, have your realtor hold open houses as often as possible. Ask them to place newspaper ads, etc... Good luck!
2006-06-21 11:00:02 · answer #4 · answered by loving father 5 · 0⤊ 0⤋
Unfortunately no. You may need to find a more aggressive real estate agent, reduce the price, throw in a couple of appliances, etc. in order to move your house off the market.
2006-06-21 10:58:04 · answer #5 · answered by Mister_fin 3 · 0⤊ 0⤋
reduce the price of the house
2006-06-21 10:50:27 · answer #6 · answered by changeling 6 · 1⤊ 0⤋