Wish me luck.....Finally some progress

[Pinot's Mom]

Even though you're not married you have to stay entangled in real estate? Yuck! (that was the most politically correct thing I could think of)

Those are laws that need to change - big time!

[Queen of Poop]

Even though you're not married you have to stay entangled in real estate? Yuck! (that was the most politically correct thing I could think of)

Those are laws that need to change - big time!

Not so much the laws as the bank's rules. The banks here don't care if you are divorced, who got what, nothing. They will hold you accountable until the other person refinances. If that person does not qualify then you're on the hook until they do.

I will NEVER share ownership of ANYTHING again during the remainder of my lifetime. The sooner this gets done the better for my health, sanity and peace of mind.

[pomtzu]

Not so much the laws as the bank's rules. The banks here don't care if you are divorced, who got what, nothing. They will hold you accountable until the other person refinances. If that person does not qualify then you're on the hook until they do.

I will NEVER share ownership of ANYTHING again during the remainder of my lifetime. The sooner this gets done the better for my health, sanity and peace of mind.

That sucks, but the point that Maggie and I are trying to make, is that the division of property needs to be done before the divorce is finalized, so that only ONE of the parties owns the property. It kind of defeats the purpose of the divorce, if for example, a house is still in both names, even tho you are legally divorced. It should either have to be sold outright and the proceeds divided, or one party buys out the other. The way it is now - you're divorced, but still carrying around his baggage. There is something definitely NOT RIGHT about that picture.

[Queen of Poop]

Further - the house is not in both names, just his. I am only tied to the lines of credit (by the bank) used to procure the properties.

[pomtzu]

Further - the house is not in both names, just his. I am only tied to the lines of credit (by the bank) used to procure the properties.

Geeze - so if his credit sucks, then so does yours, even tho there is no longer anything legal holding you together? And even if his credit is good, but he is over-extended, then that keeps you from getting credit in your name only? Sorry - I'm not prying - just trying to understand how things work there.

[caseysmom]

You may want to talk to a bureau of credit or something similar they can try something like this but it is possible it is not leagal or appropriate in this situation.

[Queen of Poop]

I have the good credit that's why the bank is holding on to me for dear life. This is also why I have to rent as he has my credit tied up so I cannot buy a home. This is why I'm so frustrated. But if the one property sells he should be able to refinance the other by himself and I will be free.