I am 24 yrs old and married to my husband who is 28 yrs old for 3 yrs.I am a teacher and he works in insurance.Its not working out too much has happened and he cheated on me more than once.I have a daughter from a prior relationship who is 4 yrs old my only child who i want to make things easy on her as possible.I spoke to my soon to be ex.husband who has been working in london these last 3 months and we both agreed(verbal) to the liquidation of all marital assets as well as splitting everything 50/50.Well the thing is he wants to sell the house now. But the housing market is down at present so our home would only sell for about 336 grand when we purchased it for more like 400 grand or little more. I think we might want to hold off on selling but on the other hand there is no gurantee the market will pick quickly?My soon to be ex. offered me 750 dollars a month for 6-8 months if i sold the house now?Is this a good deal?
2007-08-02 05:17:14 · 8 answers · asked by Anonymous in Family & Relationships ➔ Marriage & Divorce
Also this is almost the tail end of the real estate high season.And i feel a bit hurt that he wants to bribe me?
2007-08-02 05:23:46 · update #1
I dont think it is... What will happen with the house if it doesn't sell, who will make the payments then?
2007-08-02 05:21:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
is both your names on the mortgage, or is it only in his name? You really need to speak to a lawyer about this. As of right now, I don't think that the housing market is going to go up in the near future, but it is an ever constant changing market. I cannot imagine selling for less that what the purchase price was. Whether a divorce or not, you always want to sell for a profit, so that hopefully you can reinvest you portion into another home for you and your child, and that home be solely in your name, so that in the future if you get married again, you can tell him to get out....but what ever you do.....do not put another mans name on that loan, even if you refinance....keep it in your name only. This way you will never be without a home again, and he will be the one to leave.
2007-08-02 05:28:20 · answer #2 · answered by mrs_endless 5 · 0⤊ 0⤋
make sure everything is in writing and clearly stated. Then sign and get him out of your life. The housing market world wide seems to be in a slump right now, and I for one, don't think it will ever recover fully to the way it was. You have to ask yourself which is more important, the posibility of a little more money later, or getting rid of excess baggage now. In the end, only you can decide. By the way, you do have an attorney to protect you right?
2007-08-02 05:23:20 · answer #3 · answered by randy 7 · 0⤊ 0⤋
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2016-10-09 01:37:52 · answer #4 · answered by ? 4 · 0⤊ 0⤋
tell him to refinance the house and take over the payments. Get your name off the loan and walk away from it.
I would not take the 750. Not reallly that much money....
Good luck.
2007-08-02 05:27:59 · answer #5 · answered by flyfish_777 4 · 0⤊ 0⤋
can you come up with the 168,000 pounds to buy his half of the house? If not, then you may want to take him up on his offer.
why is the house in pounds and the monthly figure in dollars? whose dollars? canadian, austrailian, hong kong or american
2007-08-02 05:24:15 · answer #6 · answered by oldsoftee2001 6 · 0⤊ 0⤋
Yes, take the money and run. You have a child to take care of and it will help.
2007-08-02 05:24:27 · answer #7 · answered by harold 4 · 0⤊ 0⤋
Do it and be happy that sicko is out of your life
2007-08-02 05:20:26 · answer #8 · answered by Anonymous · 0⤊ 0⤋