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4. Other mortgage options after divorce. There are a few other mortgage options that may be worth considering amid a divorce. For instance, it is possible to keep the mortgage as-is, but this ...
After paying off liabilities like a mortgage and a home equity loan or line of credit (if there is one), the remaining equity is typically split between the couple according to their divorce ...
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The Court of Appeal overturned the High Court and ordered that the net proceeds be divided 65 per cent to Ms Dowden and 35 per cent to Mr Stack. [2] The declaration as to the receipt for capital money in the transfer document could not be taken as an express declaration of trust, nor could it infer an intention that the beneficial ownership be equal, because there was no evidence that either ...
A joint tenancy or joint tenancy with right of survivorship (JTWROS) is a type of concurrent estate in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. The deceased owner's interest in the ...
Some divorcing couples opt to refinance their joint mortgage to a new one in just one partner’s name, but that won’t be possible with missed payments on your record. You’ll likely need to ...
Jones v Kernott [2011] UKSC 53 is a decision by the UK Supreme Court concerning the beneficial entitlement to a co-owned family home under a constructive trust.The court ruled there was a 90:10 split of ownership in favour of the main child-caring partner who contributed 80% of the equity to the home in which she lived.
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