Legal Question in Real Estate Law in California

real estate issues post divorce
My ex-spouse and I had purchased a vacant lot with intentions to build before we separated and subsequently divorced. The original loan was made with joint tenancy. The perameters of our MSA stated that we would share equally in making payments, (which we have been doing for over a year) and have concurrently kept the lot up for sale. Now she says she is going to stop making payments in Sept. and will leave it up to me....she wants to file deed in lieu of foreclosure with the bank and is trying to force me into it because the payments are inconvenient for her. Since our divorce, we both own other pieces of real estate. She voluntarily works part time. I do not agree with this action at all and although the payment stretches the budget, it is not impossible---for her either. What is my recourse is she stops making her share of the payments? What is the likelihood the bank will go after her, if I continue to make my share of the payments?

Asked on 8/03/08, 7:45 pm

Lyle Johnson Bedi and Johnson Attorneys at Law

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Re: real estate issues post divorce

You need to consult with an attorney regarding your options.

Answered on 8/16/08, 12:09 am

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