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Divorce Source Community Forums >> Property and Debt

Everover
recently joined

Reged: 04/22/09
Posts: 3

primary home deed and mortgage

01/05/10 03:48 PM

I am trying to find creative ways to keep my house at least for a few years during the financial mess out there. Its somewhat out of my comfort zone if I need to refinance completely and mainly support the 2 kids. I know my STB ex will want to get his $ out from our settlement to buy another place asap. What is the +/- from his perspective if I propose to transfer the deed to me and keep him on the primary mortgage for a maximum of 7 years while I take out a HELOC 7 year IO to buy him out of the difference. I guess this will limit his credit options to obtain a large mortgage on his new place. Anything else to think of from his perspective on a proposal like this? For him the positive I think is that he can get his equity out within 14 days with 100% success and settle into his new life. By the way both of our credit is squeekly clean so no issues there.

I doubt he'll want (nor will I) to have him stick around until we sell it. It will take forever and we will probably fight about the realtor and all kinds of things.

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Entire topic
Subject	Posted by	Posted on
primary home deed and mortgage	Everover	01/05/10 03:48 PM
Re: primary home deed and mortgage	finz	01/06/10 02:36 AM
Re: primary home deed and mortgage	philivey	01/07/10 09:31 AM
Re: primary home deed and mortgage	finz	01/12/10 11:52 PM
Re: primary home deed and mortgage	TStamps	04/13/10 02:05 PM

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