Things are progressing. We got an offer on the house and are now "under contract". We're supposed to close and move out in a month.
Yikes! Time to move on getting a new place. I've been looking at rentals and potential purchases. I've found a home that I want to purchase, but have run into two stumbling blocks, both having to do with the fact that I'm not divorced yet. I was wondering if anyone out there has had to deal with them.
1) How do I conduct the purchase in a way that the new home is not caught up in the divorce. I'm purchasing the house with my half of the funds from the sale of our current house. She's taking her half of the case and can do whatever she wants with it. Is there anything I need to do? Does anyone have experience with quit-claim agreements?
2)In order to qualify for the loan, I have to have a known income. My income is fixed, but the alimony amounts are not yet agreed, so my to-be income is not fixed and is causing issues with my loan applications. Any experience here?
Thanks
Thinker
2)
Me 42, W 39, S8, S6, S2 M 11y, A & ILYBNILWY 11/08 Walking away from a bad situation.