Should I pay mortgage and child maintenance?
While money can be tight when you are going through the divorce process and beginning to build a separate life from your spouse, it is important not to neglect paying the mortgage. Equally, paying child maintenance is important in order to ensure that your child’s living costs are met.
Can my husband pay my mortgage?
Nothing happens to your mortgage when you divorce or separate. It doesn’t change. All parties on a joint mortgage are jointly and severally liable for making sure the full capital and interest payments are made every month, irrespective of who lives in the property or any personal agreements between borrowers.
Who pays the mortgage husband or wife?
This makes the mortgage a community debt, and under California law, both you and your husband are equally responsible for paying it.
Who is responsible for the upkeep of the home?
In most cases, the spouse who plans to stay in the marital home is responsible for making all payments related to the home and its upkeep. This includes the mortgage, homeowner’s insurance, real estate taxes, repairs, and landscaping.
How can I get my spouse to pay my mortgage?
This will ensure that the mortgage is paid. The balance of the proceeds of the sale can be held in trust until you and your partner reach a final agreement. 3. In some circumstances, you may be able to obtain a Court Order for spouse maintenance to force your spouse to contribute to the ongoing mortgage repayments.
Who is responsible for house payments after divorce?
A common solution is to have each spouse be responsible for a portion of the house payments. The spouse who does not keep the house is awarded a future lump sum return for their equity in the home. They will receive this sum when the house is sold. If neither spouse can afford to pay the mortgage, the property may be sold.
How does family law work with mortgage repayment?
The world keeps turning, and the bills keep coming in. For those in Family Law proceedings, the added emotional and financial weight during the holidays is often very difficult to deal with. One of the most significant costs is the dreaded mortgage repayment. As a Family Law practitioner one of the questions I am asked most by clients is:
In most cases, the spouse who plans to stay in the marital home is responsible for making all payments related to the home and its upkeep. This includes the mortgage, homeowner’s insurance, real estate taxes, repairs, and landscaping.
A common solution is to have each spouse be responsible for a portion of the house payments. The spouse who does not keep the house is awarded a future lump sum return for their equity in the home. They will receive this sum when the house is sold. If neither spouse can afford to pay the mortgage, the property may be sold.
Do you pay for your spouses share of the House?
QUESTION: My spouse and I have separated and I continue to live in our matrimonial home and make all payments relating to the house (mortgage, hydro, taxes, etc.). I plan to buy my spouses share of the home but I’m wondering if I’m going to be compensated for making these payments.
How can I get spousal support for my house?
If you plan to live in the house with your children, you can request spousal support to help pay for the costs of keeping and maintaining the home. A common solution is to have each spouse be responsible for a portion of the house payments. The spouse who does not keep the house is awarded a future lump sum return for their equity in the home.