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bad separation, what happens with home?
bearsalot
Posts: 1 Newbie
Can anyone help me? What happens if two people split up and one wants a divorce but an amicable split and the other won't do anything - he won't even sign a contract to say he gets to keep everything? My friend's husband has indicated plans to move away but won't have the house signed over to him or sign it over to her...what happens if he ups and leaves and she is left with a house and mortgage she can't afford? He has problems with depression and is extremely unreasonable. Can anyone help as we don't know what to do?
0
Comments
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Its unlikely the mortgage company will allow the house to be signed to an individual who cannot afford the mortgage.
The house may need to be sold.0 -
If one half walks away, stops paying his/her share of the mortgage, and whoever is left can't afford it, then the mortgage will go unpaid, the lender will get annoyed, and eventually repossess the house.
Best option would appear to be to sell, but even that requires a degree of teamwork from both parties.....0
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