Legal Question in Family Law in New Jersey

property sale from divorce

I was divorced Dec 06. The house was transferred to my ex as of Jan. 07. I was removed from the title, but not the loan. She cannot refinance. The house is on the market. She has not paid the mortgage in 6 months. Foreclosure has started. My credit has been ruined and I cannot buy a house. I am forced to rent. The terms of the divorce stated that the house must be marketed ''aggressively''. She has lowered the price by only 4% with a one time reduction in a 6 month period. The house is ''showing'', but it is priced out of range for the market.

The money from the sale will pay both our attroney's fees as well as the balance of the $325,000 mortgage.

I am a business owner and this is effecting everything I do financially, as well as personally.

What are my options?


Asked on 6/12/07, 3:36 pm

2 Answers from Attorneys
Gary Moore Gary Moore Attorney At Law

Re: property sale from divorce

You must file a motion for an Order compelling her to reduce the sale price a reasonable amount to avoid what could be disasterous.

Call me if you like.

Gary Moore, Esquire

Hackensack, New Jersey

www.garymooreattorneyatlaw.com

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Answered on 6/12/07, 4:30 pm
Jef Henninger, Esq Law Offices of Jef Henninger, Esq.

Re: property sale from divorce

You have 2 options: 1, foreclosure, which isn't really an option, or 2, file a motion with the court. I suggest you at least consult with an attorney before you do anything. However, you need to act fast and aggressively.

My initial consultations are always free, so call me at 732/247/3340 to discuss your case.

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Answered on 6/12/07, 5:08 pm


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