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Jul 24th, 2007, 03:43 PM
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#1 |
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Junior Member
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Jul 25th, 2007 03:41 PM Join Date: Jul 2007
Posts: 1
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Separted with a mortgage and not married
I am looking for some advice on how to deal with a situation. I was engaged and we bought a home together. Now, we have separated and would like to go our separate ways. How can this be done in a reasonable manner for both parties involved We do have a 2 year old son and a baby on the way.
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Jul 25th, 2007, 06:25 PM
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#2 |
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Top Level Member
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Jul 11th, 2008 12:49 PM Join Date: Mar 2007
Posts: 694
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Re: Separted with a mortgage and not married
If two or more owners cannot agree on what to do with a piece of property they may petition the court and the court will order a sale or refinancing etc. so that the one or more may get out of the property obligation and/or the other(s) may keep it etc.--it is often done-- (This is true in some cases even for equitable owners that have paid various amounts etc., but for various reasons, may not be on title.)
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