| T O P I C R E V I E W |
| Jmck0610 |
Posted - 26 February 2012 : 18:57:18
In at nutshell ...separated from
Husband 2 years he's still in marital
Home approx value 135k in neg equity approx25k . I have personal debt of 12k and joint debt 160k . I want to have the house repossessed and file for bankrupcy . I have moved home and living with sick mother with my 11 year old . I just want out of joint mortgage and debts. Ex husband can't afford to buy me out .
All advise welcome |
| 5 L A T E S T R E P L I E S (Newest First) |
| debtinfo |
Posted - 26 February 2012 : 21:37:11
ok so if both go bankrupt and he moves out of the house and you both stop paying it then yes the property would be repossessed and the shortfall would fall into both your bankruptcies |
| Jmck0610 |
Posted - 26 February 2012 : 20:49:08
No he cannot afford to keep it ... He is considering bankrupcy also do he won't be liable for the shortfall either
Jmck |
| debtinfo |
Posted - 26 February 2012 : 20:34:12
well you can stop paying and if you go bankrupt then you will not eventually be liable for any shortfall from the property, but it does not get repossessed automatically, the mortgage company will at least give him the option of continuing to pay the full amount and if he can then in the mean time you will stay attached to the property and mortgage. (although you wont be liable in the end) so there is no clear way to get of the mortgage if he wants to keep the mortgage going, will he want to or be able to do that |
| Jmck0610 |
Posted - 26 February 2012 : 20:04:17
We have both been splitting The mortgage payments 50 /50
Jmck |
| debtinfo |
Posted - 26 February 2012 : 18:59:40
are you or he paying the mortgage |
