Posted on: 01st Mar, 2009 04:41 pm
We are divorced. We still own a home together. My ex lives there. In Pa, you have three choices, He can buy me out, or I can buy him out , or thirdly the home can be sold and the proceeds divided. It has been two years now and my ex will not buy me out nor will he comply with the selling of the house. I have been to court two times over this matter and am going again later in March.
My ex is in contempt with the ruling of how the house was to be sold. He just will not let anyone in for the showing of the house and the realtor has all but given up. It there any way he can loose his rights to the signing off of the deed. I want to try to buy him out but cannot get the loan processed because he is still on the deed. I would need to use the house as calateral. Please advice.
My ex is in contempt with the ruling of how the house was to be sold. He just will not let anyone in for the showing of the house and the realtor has all but given up. It there any way he can loose his rights to the signing off of the deed. I want to try to buy him out but cannot get the loan processed because he is still on the deed. I would need to use the house as calateral. Please advice.
hi patielou,
since he is unwilling to either buy you out or sell the house to divide the proceeds, the only option left is to buy him out. i think you need to talk to your ex and persuade him to sign a quitclaim deed so you can refinance and by him out.
you can refinance it in both of your names (since both of you are on title) and once the loan is processed you can pay him out on condition that he signs the house to your name. after the house has been quitclaimed to you, you can then refinance it in your name. the other option is to move to the court once again and settle the issue with the court's interference.
thanks,
jerry
since he is unwilling to either buy you out or sell the house to divide the proceeds, the only option left is to buy him out. i think you need to talk to your ex and persuade him to sign a quitclaim deed so you can refinance and by him out.
you can refinance it in both of your names (since both of you are on title) and once the loan is processed you can pay him out on condition that he signs the house to your name. after the house has been quitclaimed to you, you can then refinance it in your name. the other option is to move to the court once again and settle the issue with the court's interference.
thanks,
jerry