I didn’t want to hijack another thread so I’m starting this one. My husbands name is on ALL of our debt not mine, but I’ve been paying it ALL for our entire marriage. He has moved out of our marital home.
I had it in my mind that if I wanted to keep the house I’d have to have it financed in my name. Because I am self-employed this is proving to be difficult. Do I have to refinance? (The bank says it is a refinance because even though I’m not on the mortgage I am on the deed) Can I get him to quit claim it and make the payments? If he wants half the profits when we sell, does he have to make half the mortgage payments even after we divorce?
He’s never contributed any money to the mortgage or utilities. We took out a line of credit for 50K and paid off his credit and medical debt. (Which he promptly ran up again) He has already benefited from the profit in this house with the LOC. It would peeve me to no end to have to split the remainder of the equity with him.
I have a 15 year old son from a previous relationship. While I’m prepared to move my son wants to stay near his friends.
What are my options?
Thanks in advance!