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Relationship Discussion (non-explicit)
Reply to "Headed for divorce, need practical advice"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I let him keep the house. He borrowed from a family member. I took a little less then 50% to guarantee kids could stay in the house 1/2 the time. I bought a townhouse half the size of the house.[/quote] OP here - I am pretty sure I know the answer to this, but your situation was that he bought you out and that was it? I hate to ask my parents for help, but I might. And for those that ask, the reason why I want to keep the schools for the kids is that's kind of part of the split. Spouse is making some one sided decisions about moving and we don't want to.[/quote] I took less than the full buyout (like 40% of assets vs. 50%), but yes, he borrowed money from family to give me that. He did not want to borrow what would have been the full 50%. So, I lost some personally, but the kids do not have to move. I personally would have been fine with selling and splitting when the d word was first mentioned seriously but he delayed and delayed being agreeable and the kids got more attached to the house and neighborhood the longer the delay. So, eventually, I was just like fine, let's just get it done, you stay, I will take less so you don't have to borrow the full amount. I would have probably preferred we did it immediately (sold upon separation) rather than it taking 2.5 years to get the divorce finalized. To keep the house, someone has to borrow money to pay out half the equity (but you can agree to anything you want and I took less because I did not want it to be ugly and wanted the best for the kids as time was making them more attached) and one person has to qualify for the mortgage alone. I could not pay the mortgage payments...it would have been too tight (unless I had full custody...then I could have afforded it...but he wanted 50/50 in which case I get almost nothing at all...I also work). [/quote]
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