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  Posted to group - Money matters    <<Previous    Next>>

Financial question about divorce and remarriage

I divorced my wife and remarried shortly after.  The divorce decree said I had to sell the house and give her fifty percent of the profit.  I have lived in the house for over a year now and she still will not remove her items.  The divorce degree does say she can move at her discretion.  The problem, I can't sell the house because of all of her stuff.  I pay her 250. a month alimony.  She calls and asks if I will give her 50,000 and call it even, but still give her the alimony for the next three years.  My new wife and I have only been married two months.  She is finishing out her year as a teacher and will be moving here in May.  My ex doesn't want her here, but I can't sell the house with her stuff stacked to high heaven. There is about 110,000 equity in the house and it is worth around 300,000.  I would have to pay all realtor fees, get the house ready to sale, and continue paying alimony.  I need help deciding what would be the best financial decision for me and my new wife. Should I make her wait until the house is sold and continue to pay alimony or should I give her 50,000 and pay the alimony, what should I do?  I really need help, I don't want to be unfair, but I don't want to be screwed either. 

by rab   1 Post 
Posted on 4/22/2008 4:31 PM
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Answers for "Financial question about divorce and remarriage"  (1) (You must be logged in to answer)




you say you have 110k equity in the house. you first need to pull the comparables in the area for the last 6 months and see what houses like yours are selling for. it is one thing to have an appraised value of x only to be able to sell it for y - which may be far less than you thought you may get. you need to know the numbers and now you do not. you cannot make a determination if the deal she is offering is a good deal. i love her effort though - smart to ask for 50k without the hassel of selling. it is a down market right now so be careful.  secondly, you remarried so soon. in that instance i recommend you read a small book call "i cant afford to marry you" a guide to understanding the true cost of love. i hope you have checked you new wifes credit score and did a background check.  good luck but get the numbers because the numbers will not lie. get the comps to give you a better idea. realtors fees 6 percent, closing costs at least 5k, appraisal fee and miscelenous fees to boot.
by barama   2 Posts
Posted on 4/22/2008 8:35 PM
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