Where do i stand legally? I no longer live in the house so its her home. She is on benefits so buying me out is not an option! Can she drag the sale through the courts and it cost her nothing because she is able to claim legal aid but cost me most of the profit from the sale of the house because im a hard working tax payer??!!. She has had 5 years to get her act together and get a job and buy me out....so i have been more than reasonable! I want to get another mortgage so i need the profit from the sale as a deposit. I cant afford a 100% mortgage....why should i put my life on old and pay through the nose for renting a home????? I fed and clothed her and her 4 kids for 12 years ...to find out for the last year of that time she and my best "friend" where having an affair! I walked away with nothing but my clothes!
2007-07-01 07:16:56 · 12 answers · asked by plasticcow2003 1 in Business & Finance ➔ Personal Finance
Unfortunately without the cooperation of your Ex, court is probably your only avenue to recuperate any equity which you may be due from the split of marital assets.
If the divorce is final and child support, visitation, etc has already been settled then this should be pretty straight forward and not take to long. But it also would have been pretty normal to have discussed a property settlement as part of that arrangement.
If you have separated and have not legally sorted through all of the various issues involved then it may get expensive. Try and agree as much as you possibly can with your Ex before the lawyers start speaking to help control those hourly charges.
Good Luck!
2007-07-01 07:24:58 · answer #1 · answered by Highlandbound 6 · 0⤊ 0⤋
Wow what a story!
Sorry to hear about all the pain, I hope you get it sorted out ok.
A few options.
Sell your share to someone else.
Get a great lawyer and force the sale.
Move your lover into the property.
Tell her the situation and pay her off with some of the profits.
Find a property for her to move into and say you have to sell this house first.
Rent out the property to her and then it would be a buy to let property and you could get another mortgage.
Build an extention and ask her to move into there.
Divide the house into two flats and sell your flat.
I do hope that at least gives you some ideas in this horrible time that your going through. I wish you the very best of luck.
Phillip
http://www.propertyproducts.co.uk/
2007-07-01 14:39:00 · answer #2 · answered by English Castle 2 · 0⤊ 1⤋
You need a lawyer but i think if you two were a couple and shared the house for a reasonable amount of years then you will be entitled to half of it and she will be forced to sell the house to pay you your half either that or give you money some how which i don't think she'll be able to do so don't panic consult a laywer and see what happens best of luck.
The law recognises that people are not marrid but share houses and stuff since less people marry nowadays
2007-07-01 14:24:53 · answer #3 · answered by ? 6 · 0⤊ 0⤋
Definitely consult and attorney. As joint owners, you have a de facto partnership that you wish to dissolve. The court can establish a value and order her to buy you out or sell. If you even divorce again, make sure one party obtains FULL title in the divorce. If there is a joint debt, the decree should mandate refinancing within a set time frame to prevent forced sale of the underlying asset. Your question is the perfect example of why.
2007-07-01 15:00:52 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
If you jointly own the house then she will have to buy you out,if thats not an option then you will have to sell the house and split the proceeds 50/50,if you own the house then i presume you are still paying the mortgage,then you will have to give her notice to get out,usually 3 months.
2007-07-01 14:22:26 · answer #5 · answered by Dooby 6 · 0⤊ 0⤋
Been there too, but I agreed to let him live there till he either remarried or our youngest reached 16, I then found out he had remarried, but it only lasted 3 week,so I said he could stay till our daughter reached 16, when she did I told the solicitor to get the house sold,
2007-07-01 14:22:02 · answer #6 · answered by Weed 6 · 0⤊ 0⤋
Join the club dude. That's what happens when you are a nice guy. Been there...done that. Move on man and next time...don't hang your balls on a nail next to the door like we all do in the beginning.
2007-07-01 14:29:42 · answer #7 · answered by chilicooker_mkb 5 · 0⤊ 0⤋
Get a lawyer.
2007-07-01 14:19:59 · answer #8 · answered by Himiko 4 · 0⤊ 0⤋
if you were paying the bills etc, when you found out she was having an affair you should have chucked her out my love
2007-07-01 14:24:36 · answer #9 · answered by nicola h 3 · 0⤊ 0⤋
I really think you need to consult a lawyer on this.
2007-07-01 14:20:38 · answer #10 · answered by HappyStarz 5 · 0⤊ 0⤋