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Forum
Started Dec 24 2012, 01:00
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Dec 24 2012, 01:00
Hi folks,
A simple question/s (I hope)
Quick background;
My ex-wife to be and I have a mortgage in both names, the deed is in both names and I currently live in the unit to which the mortgage relates to, my ex2B moved out in August and rents a unit elsewhere.
I want / need to keep this home and she is happy for me to do this. Basically she just wants some money and her things to start again. I'm trying to raise the money she asked for and she is happy for me to refinance the unit in my name only as long as she gets "X" dollars which I'm trying to raise. This process is being guided by our respective lawyers.
If I can't raise "X" dollars (a figure we agreed upon)she said we will simply have to sell the unit and split the profits which won't be much. Certainly not enough for me to start again.
There will also be agreements in writing that there will be no further claims on her part.
There are no children involved.
Here's the question/s
If I can't raise the money what if I DON'T want to sell? Can she over-rule me? Can she force a sale even though both names are equal holders?
Any thoughts on this I would love to hear.
Many thanks in advance.
Contract ID#12637658
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