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Can my wife take my house in a divorce if its on a land contract in my name and she's financially dependent on me?
A land contract is a security agreement between a seller and a buyer whereby a homeowner agrees to sell a home directly to the buyer in exchange for the payments set forth in the contract. The seller retains title to the property until all the payments have been made. The buyer is not the legal owner of the property until the debt is paid in full and the seller executes a deed. The buyer is more a tenant in this type of transaction and if they don’t pay on time the seller can terminate the agreement and keep the home and all the payments that have been made.
If this describes your situation, your wife cannot take what you don’t own. You need to arrange a consultation with an attorney who specializes in family law in your jurisdiction. The attorney must review your land contract in order to explore your options. You may need to negotiate a settlement with your wife whereby the land contract remains in your name in exchange for a cash payment.
What else can I help you with?
What does number of dependent means?
NHow many people you are supporting (financially) e.g. children in your house
If you are a cosigner on a house and the person does not pay are you responsible?
Absolutely, just as financially obligated as the primary contract singer. As a co-signer, you agree to become financially obligated should the other party default for any reason. You don't then get the house, by the way, only the payments. That's why it's wise to NEVER be a co-signer for anyone.
Who will keep the house in a divorce?
In a divorce your mom or dad will it's up to them but usually the person who bought the house
Is a house still split equal in divorce if one has not live in it for years?
This is dependent on the divorce laws in your specific area. Residency counts less after deed entitlement, other assets, prior agreements, liens, etc. Occupying the house may give the resident the authority to claim more "invested" and want more to be "bought out" if it comes to that.
Can a defendant in a divorce put a purchase agreement on a house but not close on the house until the judge finalizes the divorce?
Yes
What rights does the wife have in the event of a divorce if the husband has signed a purchase agreement to buy a house in Iowa but changed his mind?
If both parties signed the contract then both are responsible. Have the contract reviewed by your attorney and try to negotiate a settlement with the sellers and with your husband through his attorney.
What do house buyers need to know before signing a contract?
House buyers need to read the contract, and know everything the contract ties them in to. And what the contract entitles them to. Also house buyers need to know the penalty for ending the contract early.
How do you get a divorce and not move out of your house?
To get a divorce without moving out of your house, you will need to get your spouse to move out, or reach an agreement about continuing to live (separately) in the home.
Is your divorce finalized in nebraska if your still living as husband and wife and in the same house?
You can have a final divorce and still be living together in the same house. The divorce is just a legal recognition of separation. What you do in your relationship is up to you.
What are the release dates for House of Payne - 2006 Payneful Divorce?
House of Payne - 2006 Payneful Divorce was released on: USA: 8 June 2012
Can you house share at 16?
Yes of course, you can share house at 16 as long as you are ready for that. If you think you can financially. Then go for it.
If you sign your rights to the house off are you still owed a settlement for community property in a divorce?
In Ne If you sighn off rights to your house are you owed a settlement in a divorce
