Divorce question: Wife awarded house, Husband required to stay on mortgage...

[Life Hawk]

He is already screwed over

If she misses a payment he can file with the court to have the house sold so it's no longer his going concern, so at least that aspect is a non-issue.

True, but at present the court and the loan company see this as his debt... not to mention any future creditors. Courts move like molasses on a cold day.

 

[kgmom219]

True, but at present the court and the loan company see this as his debt... not to mention any future creditors. Courts move like molasses on a cold day.

What he said.

Josh-this is not me being funny. I know how this plays out. The guy is "trying" to be the nice guy and let the kids stay in the house after the divorce, knowing she can't afford to refinance it on her own.

At some point, they are going to pissy with each other over whatever (probably the new GF or wife) and she is going to pull her hole card. And it takes years to get out of the mess.

 

[Life Hawk]

What he said.

Josh-this is not me being funny. I know how this plays out. The guy is "trying" to be the nice guy and let the kids stay in the house after the divorce, knowing she can't afford to refinance it on her own.

At some point, they are going to pissy with each other over whatever (probably the new GF or wife) and she is going to pull her hole card. And it takes years to get out of the mess.

Not to mention the tax mess this will create... this is messed up in far more ways then one, and I'm sure everyone has thier own take on it... courts will rule the day but then it becomes a "crap shoot".

 

[Josh]

What he said.

Josh-this is not me being funny. I know how this plays out. The guy is "trying" to be the nice guy and let the kids stay in the house after the divorce, knowing she can't afford to refinance it on her own.

At some point, they are going to pissy with each other over whatever (probably the new GF or wife) and she is going to pull her hole card. And it takes years to get out of the mess.

I'm thinking decades

 

[InsCommentary]

If the house is damaged or destroyed, can he suffer a financial loss? What does the divorce decree say about his rights and obligations with regard to the house?

 

[JWP]

Is the court requiring the husband to make the mortgage payments as part of the divorce settlement? How about the taxes and insurance?

 

[DayTimer]

This may be the most awkward thread bump ever.



Ever.

 

[somarco]

This may be the most awkward thread bump ever.

Ever.

Because Josh is still MIA?

Or are you wondering if the ex-wife is still available?

 

[DayTimer]

Because Josh is still MIA?

Yes ... I'm still on my first wife so anyone else's first are still off the table.