On Mar 6, 2007, at 10:54 PM, MB Software Solutions General Account
wrote:
> But how to force her to sell it, as we're co-owners?
You don't force her to sell it; you force her to take you off of the
mortgage. She will have to refinance in her name only, and use the
proceeds to pay off the current mortgage. You two then split the
equity. If she can't afford to refinance the house, then the only
alternative is to sell.
> She doesn't want
> to sell it. I'm sure she wishes I'd just hand it over to her.
> Likewise
> I wonder with the 50%...when do I get that? At settlement, I guess.
> That's something I need to ask my lawyer.
Tell your lawyer to make sure that you are off the mortgage. If
you're going to be splitting up, why should you carry liability
(mortgage) with no potential for upside? Remember, if she sells in a
few years and the house has appreciated, she gets all that, not you.
-- Ed Leafe
-- http://leafe.com
-- http://dabodev.com
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