No, the divorce can be finalized before the home is sold.
2007-11-14 17:13:20
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answer #1
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answered by Dina K 5
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The law allows for time consuming things to take place such as the sale of a home if it is written in the decree. I would think that you can buy out your former partner and keep the house. If that is not the case, you will split the equity according to the divorce decree upon sale of the house. Contact your attorney to see if the divorce is final. There is more you have to do, than just filing for divorce for it to become complete.
2007-11-15 06:57:50
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answer #2
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answered by Anonymous
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That depends on whos name the mortage is in. If it is in both names it may have to be sold in order to properly divide assets. Some times you can come to an agreement like one of you getting the house, the other getting financial compensation. You should sit down and talk to your lawyer about the division of your joint assets and what they think will be the most equitable division. As for when your divorce will be finalized, it can take a while. Some divorces go quickly if both sides are able to amickably agree on the proceedings ie custody and asset division. Other times it takes a while whether there are minors involved disputes over property or whatever. Talk to your lawyer, have them keep you informed so that you know what hang ups there are. Be patient, its only been 5.5 months. Good luck and I hope this helps.
2007-11-15 00:52:49
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answer #3
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answered by Beth W 3
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Divorce is sepeate to property settlement.
In Australia you have up until 12 months after your divorce is final, to do the property settlements.
2007-11-15 00:56:20
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answer #4
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answered by Anonymous
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no, but i would recommend it if both parties names are on the deed. if so, and its not sold before the divorce is final, make sure you get a QUIT CLAIM DEED signed at the divorce hearing
2007-11-15 01:33:50
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answer #5
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answered by breksmommy 1
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No, divorce and property settlement are two different things. You can get a divorce and then sort out the financial issues with your ex. First you will receive a decree nisi and about 6 weeks later you get the decree absolute.
2007-11-15 00:50:54
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answer #6
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answered by nadia g 3
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How long it takes depends on where you live. What is in the property settlement?
Sounds like you should have hired an attorney. You'd have all of these answers.
2007-11-15 02:07:08
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answer #7
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answered by Asked and Answered 7
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what do U think??
2007-11-15 00:49:14
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answer #8
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answered by Anonymous
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