we just payed our first morgage and headed for the second...i really need expert advice........on what steps to take and how to protect my credit and find me a better woman who knows whats good ..........
2006-09-27 16:33:40 · 11 answers · asked by 1974 1 in Business & Finance ➔ Renting & Real Estate
You just have to sell the house,and divide equity with your ex. Make sure you still paying for your payments on-time until you sell the house. Unless you can agree with your Ex on how to divide your equity, you might need an arbitrator.
You will loose some money , so you don't have to worry about income tax (You don't have to wait two years). There are many expenses to buy/sell house; you will loose all that expense.
Good luck .
2006-09-27 17:33:27 · answer #1 · answered by novak-9 4 · 0⤊ 0⤋
Try to keep the property for a minimum of two years and as your primary residence so you wont get taxed like hell if you sell. Make an agreement with your ex that no matter what happens between you guys, you will always make the payments. In the end the profit will benefit you both.
2006-09-27 23:50:05 · answer #2 · answered by muuuua 2 · 0⤊ 0⤋
Sale with a realtor who knows how to do a short sale on the property.
Your ex will still be in the picture so have her sign off on the title with the help of a title company to do the paper work.
Expect futue offers not to cover your cost to sale the property. Hence why I said look for a realtor who knows about short sales and is not hungry to make a killing in commissions.
If you want to share the cost of expenses and lost of value to the home don't sign your ex off the title. (Short sale - selling the home for less then purchase price.)
Talk to a realtor, a title company and seek legal advice to COVER YOUR BUTT!
Good luck in your future endeavors.
2006-09-28 00:18:50 · answer #3 · answered by realestatemichigan 3 · 0⤊ 0⤋
you're both on title??? R u stupid???
Lol, psychology is going to work best here. No matter how much you hate the b*tch, be nice to her. Or at least tolerate her long enough to get this thing figured out amicably. Try to work things out in a manner which you won't have to contact a lawyer. They will just cost both of you money.
Good luck! I feel for you.
2006-09-27 23:47:12 · answer #4 · answered by Du Hast mich? 3 · 0⤊ 0⤋
If you can not buy her out. Contact a Lawyer ASAP!
Also the mortgage company may want you to call the load due. Their approval was based on both of your incomes. Try to make sure she does not contact them.
2006-09-28 00:16:21 · answer #5 · answered by ? 2 · 0⤊ 0⤋
Try to talk to her about this and see if she agrees that you two need to part ways. I would definatly seek legal help if you two can not come to an agreement. That was a huge decission you made and unfortunatly your going to have to suffer due to it. Remember to NEVER purchase anything big WITH someone.
2006-10-01 03:45:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
See a lawyer. That's why it's a good idea to marry first.
2006-09-27 23:37:09 · answer #7 · answered by delta s 4 · 0⤊ 0⤋
I would honestly just kick her out, and take care of the obligation of the home. Take care of your business before hunting for another room-mate.
2006-09-27 23:37:11 · answer #8 · answered by bvet421728 1 · 0⤊ 0⤋
Lawyer then psychiatrist.
2006-09-27 23:44:49 · answer #9 · answered by angel739902 2 · 0⤊ 0⤋
LAWYER
2006-09-27 23:39:50 · answer #10 · answered by lobo 4 · 0⤊ 0⤋