My wife and I are breaking up and getting a divorce. It's very much mutual and we're not at each other's throats about the divorce. She's asking me to continue to pay the house not on a home that I'm not living in. I'm in AZ, she's in Cal. Should I? What legal ramifications are there if I do? Thanks!
2007-08-27 08:55:01 · 8 answers · asked by dimplefce30 1 in Family & Relationships ➔ Marriage & Divorce
If you're on the loan i would keep paying until you can get your name off why let her ruin your credit..
2007-08-27 08:59:20 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I don't understand what you are saying, but to answer your question...YES if you are still on the loan. Which it sounds like you are. This is why a judge will usually order the spouse that lives on the property to re-finance and put the loan under their own name only. You will then be removed from the loan and Title. I need more info, but if she is living alone w/your children and you know she can't afford it and you want to be a sweety until the divorce is final, then I'd pay all of it. If she can afford it then I'd ask her to pitch in at least 1/2 until the divorce is final. If she is living with another man, I'd insist she pay 100% of it. But keep in mind if she doesn't it hurts you. So, stay on top of it and make sure it gets paid one way or another. Good luck
2007-08-27 16:07:06 · answer #2 · answered by Brain 4 · 2⤊ 0⤋
Honestly it depends on the state. Oklahoma if you start paying house payments/support/childsupport guess what when the divorce hits court you will continue after your divorce is final. Good luck!!
2007-08-27 17:12:05 · answer #3 · answered by Gena 2 · 0⤊ 0⤋
If you are willing to help her out because she needs the money, then make the payment until she is on her feet financially.
The court could decide you are obligated to help with payments for a certain amount of time or that you are not. What you want to do here also depends on what you are asking for in the divorce. Are you going to sell the property and split the profits? Are you asking for her to buy you out or for you to buy her out? Its one of those things that really needs to be discussed with a lawyer.
Honestly, though, if your name is still on the loan, you need to keep payments current to protect your credit rating.
2007-08-27 16:08:41 · answer #4 · answered by Melanie J 5 · 0⤊ 1⤋
Not sure are you selling the house and splitting it 50/50 or is she going to be living in it? And if so does she have a job to make the payment? If not then you paying it once is no big thing if your on nice terms. And if it isn't taking away from you.
2007-08-27 15:59:54 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Who's name is on the contract?
Who's name is on the loan?
Does your deed have a "divorce clause" exempting you from your legal, financial investment?
Responsible people keep their commitments.
Who pays for what is what is settled in the divorce papers, so until the judge's gavel strikes the bench, there are no changes in what bills you have.
For your credit you'll either pay now, or pay for it later!
2007-08-27 16:06:25 · answer #6 · answered by Hope 7 · 3⤊ 0⤋
Integrity is the key, but that doesn't mean you have to get run over. If this house is an investment you both went in on, then you both should do payments. If this isn't what you want, settle it in court.
I wish Divorce wasn't your last avenue, but I understand it taks two. Good luck!
2007-08-27 16:13:29 · answer #7 · answered by Committed Ministries 1 · 1⤊ 1⤋
If you are on good terms, tell her you will continue paying it until you sell the house. After it sells split the profit with her and make a clean break. She can afford a new place and your credit is not screwed up.
2007-08-27 16:02:23 · answer #8 · answered by hyiik 2 · 3⤊ 0⤋