Re: Va real estate problem - Posted by BTI
Posted by BTI on June 12, 2006 at 08:59:06:
You say you pay the mortgage, is it in your name only?
You say she put up the down payment, how much do you really have into the house?
It seems a straight forward I don’t intend to make payments on a house I can’t live in speech is the way to go, tell her if she can afford to support the property on her own, you will sign over your half to her (consider it the cost of selling), but if not, then it would be best to sell the home and each of you can get on with your life.
One other option, put it into a trust, rent it out, and when the time comes that she can support it on her own, she can buy out your share of the trust.
Just don’t make the mistake of turning this into a war, you once cared for her and things didn’t work out, now it’s time for both of you to make a clean break and this house is a potential problem, she probably feels entitled to the home because she put down the down payment, but you give us no facts, not the value of the house, not the amount of down payment, not the general location, not the market conditions, and no clue as to the status of your relationship at the present time and did you dump her.
Many of us out here have been there, done that, and are glad to share info but we need to know the question before we can give the answer.