Divorce Source: Don't want to gamble on house

Encyclopedia

Checklists

Tools

Downloads

Bookstore

Start Your Divorce Today - Premium Divorce Online

You are not logged in. [Login]
NEW USER Registration

DS Home · Community Forums · All Forums/Msg. Centers
NEW USER Registration · Search Community Forums · Help

Divorce Source Community Forums >> Property and Debt

Teal
recently joined

Reged: 05/19/05
Posts: 1

Don't want to gamble on house

05/19/05 02:20 PM

The wife and I are getting a divorce in Nevada. We are doing it ourselves without a lawyer we are talking and trying to remain friends. We own are home free and clear with no loans, but I have just found out that my wife has a gambled over 85k and put it all on my credit cards. The house is in both are names. We don't want to sell the home because the money we would get minus the debt would not be enough to buy again in the area my son now goes to school. She is getting a 1st mortage on the home in her name to pay off the debt and a little extra for herself. We would then like to sign a notarizes contract that would state the amount of the 1st mortage I would be resonable for at the selling of the house( mortage is an interest only loan)no later the my son's 18th brithday, and rest would be her responsibility. This way my son and wife could live in house and not displace him from his school. She would like to pay on loan and tax's on home till the house is sold. What I need to know is would she be able to get other loans that I may be held responsible for? Dose the house have to be in a trust to protect myself from late loan payments and tax's? Is it even possible for her to get a loan in her name with both are names on house deed? Is this at all posssible with out paying lots of money to lawyers?...Teal

Post Extras

Entire topic
Subject	Posted by	Posted on
Don't want to gamble on house	Teal	05/19/05 02:20 PM

Extra information

0 registered and 0 anonymous users are browsing this forum.

Moderator: dsAdmin

Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is disabled
      UBBCode is disabled

Rating:
Thread views: 1652

Jump to

Divorce Source Home

UBB.threads™ 6.5.1.1

Resources & Tools

	Start Your Divorce Several Options to Get Started Today.		Online Divorce Tools Keeping it Simple to Get the Job Done.
	Download Center Instantly Download Books, Guides & Forms.		Discount Books Over 100 of the Best Divorce & Custody Books.
	Negotiate Online Settle your Divorce and Save.		Custody Scheduling Make Sure You Document Everything.

Easily Connect With a Lawyer or Mediator

Have Divorce Professionals from Your Area Contact You!