The property she currently lives in is worth £102488.36 she pays no mortgage or rent on it, I do pay the mortgage and have done for the last 20 years, this prophecy is to remain in her name and my name taken off.
The property I live in is worth £435000.00 and I also pay the mortgage on this, this is the property to be sold, the current mortgage left on this property is approximately £200,000.00
There is a court order which states that the property I live in is to be soled and she is to receive 50% after costs and I to receive the remainder.
My problem is if I reduce the sale of the property I will have less equity to be in a position to buy a smaller property .
We all know that the property market at the moment is not good , she and her solicitor seem intent to push this. Either she or her solicitors are in contact on a weekly basis with the estate agents questioning progress, in turn he then contact me.
I myself am at the point to walk away and make myself bankrupt I've had enough
Im Not !
I have to continue to pay the mortgage until this property is sold
No dead line set.
The estate agent has reviewed the property and said for a quicker sell he would drop the price by £50,000.00 because she keeps on at him.
Yes, two others thay seem to think if I was to drop the price to between £385000.00 £395000.00 that it might invite moor byers, that would not put me in a strong position to bye, because the offers would be lower than that, as we all know,
Time is getting short as I have to give an answer to the estate agency my ex-wife solicitors are threatening to put it in the hands of the courts, and quite frankly I'v not got the time to waste in court.
The outstanding mortgage that she lives in is £102,000 and is worth if sold £145,000 .