Troy McClure
Registered User
- Messages
- 300
I have someone close to me in a corner.
A couple separated with kids grown up and in college etc. One has a decent job the other owes the banks money and ran a business into the ground. Also is not up front with anyone involved.
Family home has been on the market for nearly 2 years. They both agreed to sell and the bank involved agreed to put property interest only untill sale was made, as they are separated.
Party No 2 keeps knocking back any interest saying property is worth more. Meanwhile value is continueing to drop over time. A Serious offer came in last week and person close to me wants to sell and former spouse refuses. Person close to me wants to get their name off the mortgage and move on. House is worth more than the outstanding mortgage. If they took the offer they would probably get between 30-60k each after clearing mortgage pending costs. Party 2 knows no bank will ever give them a loan again due to their 'past' and is trying to scupper any deal as they want to stay living there irrespective of what they agreed.
Person close to me even called the bank to say they have a serious offer as they keep pressing them to sell.
Is there anything they can do to make the other party sell here??
A couple separated with kids grown up and in college etc. One has a decent job the other owes the banks money and ran a business into the ground. Also is not up front with anyone involved.
Family home has been on the market for nearly 2 years. They both agreed to sell and the bank involved agreed to put property interest only untill sale was made, as they are separated.
Party No 2 keeps knocking back any interest saying property is worth more. Meanwhile value is continueing to drop over time. A Serious offer came in last week and person close to me wants to sell and former spouse refuses. Person close to me wants to get their name off the mortgage and move on. House is worth more than the outstanding mortgage. If they took the offer they would probably get between 30-60k each after clearing mortgage pending costs. Party 2 knows no bank will ever give them a loan again due to their 'past' and is trying to scupper any deal as they want to stay living there irrespective of what they agreed.
Person close to me even called the bank to say they have a serious offer as they keep pressing them to sell.
Is there anything they can do to make the other party sell here??