Posted by jasonrei on August 08, 2003 at 23:06:11:
They each have an ownership interest. I believe she can sell her interest, but not his, and you don’t want half a house. I wouldn’t be interested in a deal with those numbers anyway, but if there was more room I would talk to the ex-husband and tell him there is a chance he will get nothing. might even throw in there that she may have grounds to sue him for not paying some of the house payments. I’d ask him “what will you take, right now, if I can get your name off this deal? what if I can have your ex-wife agree to not sue you, what would you take then?”. Of course, I’d want to get a little more info from each of them so I could bargain better.