fistsensei
Junior Member
What is the potential bad side to a "petition to force sale of real estate"?
What is the name of your state (only U.S. law)? NC
I have a no-contest divorce. I'm still on a mortgage with my ex-wife, and she refuses to refinance or sell the house. There is nothing in the divorce about the house and there are reasons for it being that way.
I've found that one of my options is to petition for a forced sale of the house. How does this work specifically?
The current loan amount is $87,600. I'm sure the house would appraise for that, however market conditions in my area are not good right now. Are there provisions in the petition that would say it can't be sold for under the appraised value?
I basically just want to force her to refinance or sell the property for what it is worth. She says it needs repairs however I do not intend to put money into the property while she is living there (she has animals that damage the property).
Could the petition back fire on me? Are there any other options I should look into?
Thanks.
What is the name of your state (only U.S. law)? NC
I have a no-contest divorce. I'm still on a mortgage with my ex-wife, and she refuses to refinance or sell the house. There is nothing in the divorce about the house and there are reasons for it being that way.
I've found that one of my options is to petition for a forced sale of the house. How does this work specifically?
The current loan amount is $87,600. I'm sure the house would appraise for that, however market conditions in my area are not good right now. Are there provisions in the petition that would say it can't be sold for under the appraised value?
I basically just want to force her to refinance or sell the property for what it is worth. She says it needs repairs however I do not intend to put money into the property while she is living there (she has animals that damage the property).
Could the petition back fire on me? Are there any other options I should look into?
Thanks.