Archive for mortgage
The title and mortgage is in my name. We owe 550K and the house is worth 350K. I want to keep the house and remain living there. The other option would be to foreclose but, then we are stuck with the difference, which neither of us can pay and I know she won’t pay it so, I would have to.
What is a fair settlement in this? This is the main sticking point to the divorce.
What normally happens with the house in a divorce?
Posted by: | CommentsWe own a house, have 2 kids. Neither of us could probably afford the mortgage on our own. If I stayed, it would be pretty tight making the payments. What are my options here? If I divorce, should I try to keep the house? If not, does one of us have to stay there and try to sell it? The house has not been kept up very well. There is work that needs done, so it would be hard to sell without spending some money.