Re: House been on market for 2 years
I understand what you are saying - and there obviously is more to this than we probably are aware of. Especially if he is paying all of the mortgage and yet the ex-wife is entitled to 50% of the equity . TBH that does not add up.
In normal cuircumstances I would agree with you and in fact I think as I said above , he can not be forced to sell the house when ther is a 12 year old child living there - which is probably why he is making no effort.
However in the current circumstances it may actually be in his favour to buy the ex-out at a low price now - it makes sense for him to provide long term stability and have the house valued at a time when prices are dropping - and it saves legal costs ,estate agents , stamp duty on a new property etc and the youngest need not lose freinds and maybe have to change schools.
I still would advise consulting a solicitor as I do not undrstand on what basis the ex wife is entitled to 50% if she does not look after the children and he is paying the mortgage. But that is what family law solicitors are there for.
Also would it be less distressing for the children to see their mother more settled as well?
Originally posted by stevokenevo
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I understand what you are saying - and there obviously is more to this than we probably are aware of. Especially if he is paying all of the mortgage and yet the ex-wife is entitled to 50% of the equity . TBH that does not add up.
In normal cuircumstances I would agree with you and in fact I think as I said above , he can not be forced to sell the house when ther is a 12 year old child living there - which is probably why he is making no effort.
However in the current circumstances it may actually be in his favour to buy the ex-out at a low price now - it makes sense for him to provide long term stability and have the house valued at a time when prices are dropping - and it saves legal costs ,estate agents , stamp duty on a new property etc and the youngest need not lose freinds and maybe have to change schools.
I still would advise consulting a solicitor as I do not undrstand on what basis the ex wife is entitled to 50% if she does not look after the children and he is paying the mortgage. But that is what family law solicitors are there for.
Also would it be less distressing for the children to see their mother more settled as well?
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