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House Equity in Divorce
ehflynn89
Posts: 3 Newbie
Hi everyone, not sure if this is in the correct place...
I am currently going through a divorce, the jointly owned home sale is close to being completed but the divorce is still going through with some difficulties regarding finances.
Basically i'd like to know where the house sale money will go if the divorce has not been settled.
There will be fees to pay (solicitors, estate agents etc) and i'm concerned that if we are both given a 50/50 split straight into our bank accounts for the equity he wont pay towards the fees.
Does anyone now how this usually works? Is the money frozen somewhere until finances are sorted out?
Thank you in advance.
I am currently going through a divorce, the jointly owned home sale is close to being completed but the divorce is still going through with some difficulties regarding finances.
Basically i'd like to know where the house sale money will go if the divorce has not been settled.
There will be fees to pay (solicitors, estate agents etc) and i'm concerned that if we are both given a 50/50 split straight into our bank accounts for the equity he wont pay towards the fees.
Does anyone now how this usually works? Is the money frozen somewhere until finances are sorted out?
Thank you in advance.
0
Comments
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Solicitor handling the sale will disburse the monies including settling the property related sale expenses.0
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