Legal Question in Family Law in Texas
My ex husband and I have a court appointed receiver to handle the sale of our house because he was supposed to sell it 3 years ago and has been dragging his feet. He had the option to buy me out of my half of the equity which would have been approx. $20,000. He chose not to do so. Now that the receiver has sold the house for $115,000 my ex wants to offer to buy the house for slightly more than that. The house has been appraised for $130,000 and there is $90,000 still owed on it. I believe my ex is trying to avoid paying me my half of the value of the true equity by doing this. Is he able to do this or would it be considered a conflict of interest?
1 Answer from Attorneys
If the receiver has sold the house, how is your ex going to buy it? Does he have a right of first refusal? If you have the financial resources, you should carefully look for any relationship between your husband and the person who is "buying" the house.
But if it's a bona fide purchase, you may just not have as much equity as you had hoped.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
