I think my steps from here are to do the following: 1. Realtor do a market analysis and see what I may be able to make once I sell 2. Meet with my friend at the bank to discuss financial opportunities with this information. 3. Borrow the money to pay lawyer and meet with him. I need to have a plan for every situation and get advice on how to proceed so that it best suits me and my son. 4. I don't think she will hire a lawyer but I would like to be as fair as possible. Obviously she can't be trusted and she wants what is best for her financially in the long run.
In our discussions she was wanting to 50/50 split custody. She would make decision regarding his education. I don;t like this because it could give her the outlet to say he is not coming to the school that I currently teach. She mentioned selling the house and doing 60/40 of the equity because I would be living in it and paying the mortgage. I told her I feel like the total amount paid should come off the top. Of course she says the entire mortgage is not coming off the principle because of taxes and insurance.
In speaking with someone that has sold many homes, he told me that after commission and closing cost, I might get $180,000 for the house. This is if I sell it for $200,000. Well that would very well likely mean that I am only gaining $30,000 which would be exactly half if I gave her $15000 up front. I guess I'll have a better idea once I meet with the realtor.
