sweetAJ
newbie
Reged: 12/29/04
Posts: 40
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little/no equity in home?
09/19/06 10:38 PM
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California...
had a market analysis, came in at saying a starting listing price of about 20k more than what is owed on the mortgage and HELOC.
considering you need to give the cut the the agents, the math would say you would owe money to sell it, and that is even presuming you would get the listing price. Anything less you'd just owe even more.
I currently have sole possession of the home, along w/sole custody of the children. I would like to keep the home, and then sell when/if I can/need/want to.
Would the judge force a sale if there is no benefit to that sale? Would the judge 'award' me the home? We have no other assets, moneywise, other than our pension or profit sharing accounts, to which it'll be you keep yours and I'll keep mine.
We have a fair amount of CC debt, that is mostly in my name, although he was an autho'd user.
What types of scenarios do you see here? thank you
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