cost to keep home?
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| Fri, 12-23-2005 - 11:14am |
Hi ladies. I'm new to the community. I am currently and sadly going through
a divorce. I have been married for twenty years. I don't really want to
go on and on with all the sad and angry details. I was just wandering about
my keeping the house? Does anyone know my chances or can give me some
help in keeping the house without being buried in debt?
Is there a way to reduce this 50/50 thing?
We have already gone to attorneys and had a 2 hour pow pow, when we left
that, a decision was made but my husband's attorney decided that he could
get more so my husband changed his mind. If it goes to court will that look bad
on his part or do they not have to stick with there original plan?
Of course the bottom line here is money. (being the house)
The market right now is rape. Comps on houses are insane!! If I get an
appraisal, and point out some areas of cost to repair will that help
reduce what I have to pay him? Can he force me to sell the home?
Any advice someone?

Hi... well, an appraisal would reflect deductions for needed repairs, so that will have you covered there, but most likely, a judge will rule for 50/50 unless there is substantial reason for one of you to be awarded more.
Karen ~ wildlucky4me ~
Hi there,
I'm not sure if I can help but would like to try. What about the other belongings (assets). Does your sbxh have a retirement account with his firm. You would be entitled to half the assets. So, if the home is what you want, then maybe giving up the retirement accounts (401(k) or whatever) may be the way to go. What about your attorney? What is he/she advising you? What about childcare if their are children or alimony? These I believe you can negotiate if the home is your focus. Hope this helps. I will be following you soon. I just separated from my sbxh. I want to make sure that I keep the home. Our situation is fairly positive, as positive as divorce can be. For now, it make sense for us to keep the home in joint name. But, I am thinking of looking for a smaller home in the same neighbourhood. That will reduce what I owe him.
Take care,
Michele
Here is my situation. I am buying my H out. The whole 50/50 thing sucks - for me anyway. My H's income was 24% over our 7 yrs together, b/c he basically is lazy & refused to work. NOW, i am expected to buy him out of 50% of equity, & give him 50% of *my* retirment (he has no retirment at all).
Thanks so much for the reply. YES 50/50 sucks.
No my husband has no 401k, but I do I also carry the health ins.
That also sucks that the pow wow means nothing what a waste of money!!!
Yes the value of homes has gone way up (RAPE)
I guess I will have to just be still and wait.