Life in a complete mess, don't know where to post this.

Jojo_the_Tightfisted

Nothing to do with the house?


Doesn't he mean 'nothing to do with the debt'?


:cool:

Sounds like real pondlife.

pinkshoes

Just sell the property.

Who cares if you walk away with nothing?? The money is long gone.

Money isn't important. Life and your sanity IS.

Just sell it.

(And you giving your ex £5k is ridiculous and too generous. In reality he should be giving you money!)

hartcjhart

1, would you rather keep the house and pay the mortgage until such time where you can sell without loss or keep it long term.

2, what area is the property

3, who is the bank

4,can you raise the 5k to buy him out BUT only if he writes a letter to the bank(given to you) saying that he wants his name taken of the deeds and only handed to him on completion,this i dont think will cost as much.

5, if the answer to 1 or 4 is yes would you mind me passing the info to my solicitor in Spain for some expert advice( free of course)

if you want me to do this I will obviously need more details ie mortgage number, bank acc numbers etc.

have a think and let me know, if you want me to go ahead the finer details will need to be by PM/email

Craig

Goldylocks24

A big Thank-you to everyone's helpful advice.

Need to sit back (not for long) and have a plan of action.

The house is in the Costa Del Sol area, Inland in a lovely town, with nice bars and restaurants and very Spanish.

The outstanding mortgage on the house is around 87,000 euros, lucky if I get 140,000, to 150,000, even then I think Im pushing it in this current climate.

The bank is Unicaja, and the mortgage has been since 2003.

A possibility may be to rent it, my ex would obviously want half and I would have to get him to agree, but then Im still having to deal with him, and would like a clean break.

I will also have a look and post on the ex pats website.

Please any more advice is eternally grateful.

I know Iv been told to walk away, but its a beautiful house, too much money invested, and I have my children's future to plan.

I pay £450.00 over each month, alot of money, and pay 675.00 for my rental here, as you can imagine not much left to live on.

Thanks in advance for your advice.

_pale_

seven-day-weekend

My advice would be, advertise it at a price that will cover your mortgage and selling costs. Market it aggressively and put bi-lingual adverts in bars an restaurants, as well as in the estate agent's window. Offer to sell it fully furnished too.

We recently sold ours, in a mountain village in Granada province, asking price 126,000 euros, sold for 103,000 euros, fully furnished. We broke even with what we had spent both on the house and the furniture. If the price is right, it will sell.

Are you in Granada or Malaga province?

hartcjhart

Goldylocks24 wrote: »

A big Thank-you to everyone's helpful advice.

Need to sit back (not for long) and have a plan of action.

The house is in the Costa Del Sol area, Inland in a lovely town, with nice bars and restaurants and very Spanish.

The outstanding mortgage on the house is around 87,000 euros, lucky if I get 140,000, to 150,000, even then I think Im pushing it in this current climate.

The bank is Unicaja, and the mortgage has been since 2003.

A possibility may be to rent it, my ex would obviously want half and I would have to get him to agree, but then Im still having to deal with him, and would like a clean break.

I will also have a look and post on the ex pats website.

Please any more advice is eternally grateful.

I know Iv been told to walk away, but its a beautiful house, too much money invested, and I have my children's future to plan.

I pay £450.00 over each month, alot of money, and pay 675.00 for my rental here, as you can imagine not much left to live on.

Thanks in advance for your advice.

_pale_

why would you have to deal with him if you rent it out?, what the eyes dont see etc

so worst ways you could sell and come out with a bit of money afterwards

with a fair bit of equity in the house could you not re-mortgage for the extra 5k to buy him out?

sadly the only way you will get a 'clean break' is either to sell or buy him out.over the long term the 'buy out' is the best option
because although the markets are low at the moment they will after a few years pick back up again

duchy

Are you divorcing your husband ?

There may be some leverage in getting the financial settlements tied into the divorce.

Just a thought.