My soon to be ex - husband wants to keep both our names on the house and mortgage. Bad idea?
I am wiling to give him the house because I'm getting other ets. He can't refinance because his credit is bad and other reasons. I don't want to keep my name on the loan and home in case something happens. He told me I could monitor his account and make sure it's being paid and if he can't make the payment he will sell. He doesn't want the divorce and says he will make the divorce difficult if I force the sale of the home. I have three kids, ages 12, 14, and 16 and live in California. Please advise- trust me you will regret it! trust your gut!
- If he wants the house, take your name off the acct. He will ruin your credit. and he has to have a lawyer and lots of money to make anything difficult on you. Make a stand and call his bluff
- i believe when your done with a man, your done, and if his credit is bad, and he is not wise with money that you could very well see your credit ruined if he defaults on the home. but right now homes are not selling due to the economy, if you did sell you might have to take a heck of a beating. can he get a parent to co sign? i understand if he doesn't want the divorce and loosing his home will make him angry and he will feel as if he is loosing everything. but when you get divorced your finished with that person basically, depending on what happened to cause the divorce. i would not do it
- This is a sad situation. I do not know the reasons for your divorce but if he did not cheat or physically harm you and the divorce is for other mundane reasons, it would seem very sad to force him to sell the house particularly since you had a life and three kids together. Maybe you could monitor the account while giving him one year to find another option?
- Do not keep your name on the property if you are not going to be there in the relationship. If you or him move on to other relationships it will be a problem with the new person. They are going to want to know why are you still so financially tied to the ex - husband and the same with his new person. Plus if he can not keep up the payments, there is really nothing you can do about it. Missing one payment drops your credit score so by the time you find out about it the damage is already done. In these ecomic times you need to keep everything clear for yourself and your children's future
- Do not leave your name on there and let him have it. He will ruin your credit too and there will be nothing you can do about it. Let him try to make it hard. Threatening me would have been enough to make him sell it
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