Archive for the 'Renting & Real Estate' Category
I am in a very shaky marriage right now. We have talked about filing for divorce at the beginning of next year. In recent weeks however things have taken a turn. We are talking about trying one more time.
Here is the fun part! Last week I received a letter from my landlord that he is not going to renew our lease. Financially I am at a good position to buy a house. However I don’t want to buy a house if my wife is going to end up divorcing me and take it. I also don’t want to sign another 1 or 2 year leases to rent.
So I have to make a decision fast on what to do.
One option is getting a postnuptial contract that would indicate if we devoice the house stays in my possession. The trick would be getting her to sign it.
Another option is to create an LLC Corporation, then buy the house using the LLC Corporation. I don’t think I can have this done in the current time frame.
Well there is my situation, anybody have any suggestions on what I can do?
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I live in a multi-unit building. A couple who has the best unit in the building seems to be going through a nasty divorce – might even be a restraining order involved. They’ve definitely seperated. They have the best unit in the building and if it became vacant I would like to move there. I was wondering if the chances of the apt becoming vacant are any greater in light of the divorce? What happens when a married couple rents a place and then splits up? A rented apt is not like a house that can be sold and the profits split. One spouse has rented the apt for 10 yrs, 5 yrs before they met. Presumably they’re both on the lease now. Would the original tenant/spouse get to stay? Is there a general way these things go, or does it vary wildly?
Sorry if this makes me look like an awful person. I’m not happy they are divorcing, though all the other tenants and I would be happy if both of them were gone, since they are both violent alcoholics and obnoxious neighbors.
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Just found out my wife has been cheating on me, and I’ll be getting a divorce. Here’s the situation: We just refinanced our home in November and have virtually no equity in it. Since the housing market has turned, it’s unlikely that we’d get what it appraised for in a sale. So what are my options? If we both stop paying the two mortgages, it will go into foreclosure, but I’m unclear what would happen after that. Could someone please explain?
To answer a couple questions, I’m in the Seattle area. And the problem is that I doubt we could sell if for the amount that we owe on our mortgages.
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