Divorce awards question

iVillage Member
Registered: 06-10-2008
Divorce awards question
1
Tue, 08-26-2008 - 2:22pm

If I am awarded the house, how will that work? Do I have to re-finance in my name and continue with the mortgage? Does he continue to pay for it? I am currently unemployed, we were married 23 years and have a minor child.


I'd love to know what your experiences have been on this issue.


TIA

iVillage Member
Registered: 11-28-1999
Tue, 08-26-2008 - 2:44pm
It depends on each case. Normally the person who gets the house has to pay the mortgage. You would be unable to refinance if you don't have a job. whether he pays for it depends on how much money he makes. he has to pay child support and I assume that he will pay alimony since you have been married a long time & you don't work, but is that enough to cover the mortgage, taxes, etc.?