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Ask Clare Your Own Question
Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34236
Experience:  I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
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it the concent order my share of the house was 40% but only

Customer Question

it the concent order my share of the house was 40% but only ran till my daughter left sixth form. is the house now back to 50 50?
Submitted: 4 years ago.
Category: Family Law
Expert:  Stuart J replied 4 years ago.
-Could you explain your situation a little more?

Expert:  Clare replied 4 years ago.
Hi
Thanks for using JustAnswer. My name isXXXXX will do whatever I can to answer your question.
No I am afraid that you still only have 40% - it is just that you can now force a sale if your ex does not pay you your share
Claire
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34236
Experience: I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
Clare and 3 other Family Law Specialists are ready to help you
Customer: replied 4 years ago.

can i buy her share?

Expert:  Clare replied 4 years ago.
Hi
You can certainly offer to do so if you can raise 60% of the equity and she is not able to raise your 40% to pay you off.
You would however have to apply to the court to enforce the order
Claire
Customer: replied 4 years ago.


house on market now. is that price we work 60 40 on less outstanding morgage?

Expert:  Clare replied 4 years ago.
Hi
The equity is the sale price minus the outstanding mortgage and the costs of sale
Claire
Customer: replied 4 years ago.

so if she offers to buy my 40% do i get 40% of wot house on market for? less mortgage and cost to take house off market?

Expert:  Clare replied 4 years ago.
Hi
Assuming that there are no second mortgages or any costs awarded against you - yes
Claire
Customer: replied 4 years ago.


thanks great help

Expert:  Clare replied 4 years ago.
Hi
You are most welcome - good luck
Claire