following divorce, we are having problems selling the house. it is on the market at too higher price and my ex wont reduce it. it may get repossessed as i have no more money to pay. are there other options ? is there financially a way out for me rather than be credit blacklisted?
any ideas would be useful
2007-08-10 05:40:46 · 4 answers · asked by SIMON T 2 in Business & Finance ➔ Renting & Real Estate
Please go to tribestlowrates.com
They will help you.
2007-08-10 06:01:16 · answer #1 · answered by trilunes 1 · 0⤊ 0⤋
I would suggest you go to your lawyer and have your divorce settlement amended to include language regarding selling the property at current market values, or less (within a certain reasonable percentage, like 10%).
A foreclosure will not help either of you.
2007-08-10 13:10:09 · answer #2 · answered by venicefloridarealtor 4 · 0⤊ 0⤋
The options are limited.
Either one party buys the other out, or you sell it.
A buyout is difficult, because unless the purchasing party refinances, you will still be personally obligated on the loan, meaning that if it is foreclosed, they can look to you for the difference, and a foreclosure will be on your record.
2007-08-10 12:55:52 · answer #3 · answered by open4one 7 · 0⤊ 0⤋
yes. there is some website where o wners sells houses themselves. I think it is www.houseforsalebyowners.com or something. I do not remember. It is a risk in doing legally. but doable. keep your house clean, free of clutter, all walls in light and warm colors. odor free too. landscaping is critical too.
2007-08-10 12:45:55 · answer #4 · answered by Darren 1 · 0⤊ 1⤋