Hi guys,
I'd like some advice please... a bit green about the whole thing.
Bought an apartment for €350K with ex husband in 2007. He decided the leave the marriage and we've been separated for almost 2 years. When approved, I was earning 30K and him 36K. He paid for more household expenditures than I did. Equal payments on the mortgage
Ok... so divorce pending in around 2 years. My questions are:
Sorry for the long list but really can't find any advice on the topic at all.
Thanks
I'd like some advice please... a bit green about the whole thing.
Bought an apartment for €350K with ex husband in 2007. He decided the leave the marriage and we've been separated for almost 2 years. When approved, I was earning 30K and him 36K. He paid for more household expenditures than I did. Equal payments on the mortgage
Ok... so divorce pending in around 2 years. My questions are:
- What happens when property in negative equity and neither party can afford to take over mortgage (Very unlikely) - will neg equity be split into two personal loans - we're talking around 150K of neg equity btw
- I've a new partner whose only earning 19K approx a year meaning we wouldn't get the approval on a 350K mortgage. Is there anyway the amount owed can be adjusted by a judge?
- My ex's family have a lot of money. His father is a business man with millions worth of assets. Does this come into account? (In that i know his father will pay off his neg equity no problem)
- Does the fact that he walked out on me give me any lee way on the final judgement?
- Unfortunately I stupidly paid off a car loan for him of €4,500 when we met. He was the only driver but since we split he told me i'll never have a claim on his car. I can't afford to run a car because my mortgage is so expensive, and I wondered if I'd any chance of seeing some of that money again?
- Does anyone have any general advice for me to avoid a massive personal loan in 2 years which will stop me from making a decent life for myself with a new partner and trying to start over?
Sorry for the long list but really can't find any advice on the topic at all.
Thanks
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