My partners house has been on the market for 15 months. His ex lives there (awkward), it won't sell - help!?

Question

My partners ex makes viewings uncomfortable and my partner is still having to pay 1/2 the mortgage which he can't afford any more. The house is at a good price, but becuse the market is so bad it's not selling. We are at our witts end, his ex won't buy him out, she's happy sitting pretty in the house. Have racked up 31k legal bill so far, but becuase we can't sell it, things aren't moving. What do we do?????

Its a lovely 4 bedroomed home, reduced from £179 to £150 - can't reduce any more, but we are facing financial ruin if it doesn't sell soon.

:((

Answer 1

in these times i aint suprised, rent it out

Answer 2

rent it out

Answer 3

i was exactly in the same position a few years ago - my husband's ex was living in the house and it didn't sell for very long time and they had a mortgage which was in their both names. so my hubby asked in bank to pay only interest on the loan which was kinda 100 euros per month, which he payed. alone. when they sold the house mortgage was split without her agreement and returned to bank.

Answer 4

You can get legal advice on this, the house is half your husbands and he needs to call in the money on the house.

Answer 5

What the h**l are you two thinking???????, of course its not going to sell with his ex still living in it, because she is going to make sure it doesn't. WHY ?????, because it gives her a place to stay and a roof over her head. WAKE UP!!!!!!!.

Answer 6

Doesn't his ex pay rent for 1/2 the house to your hubby?

Forfeit the mortgage and the bank will be happy to auction it. Your hubby or you will then be able to buy the house really cheap. You will still have to pay off the bank, though

Answer 7

You could try selling it yourself e.g: Putting it on e-bay and other sites , remember to get his ex out of the house when there are viewings (some people do an open house on a certain day so everyone can come).

If you're really desperate speak to an estate agent they often buy up properties, put it up for auction or use a site like this one that will pay you cash for the house but considerably less than it's worth.

http://www.a-quick-sale.co.uk/cash/

  

Answer 8

have you tried advertising just your share of the property shared ownership?

or perhaps renting  might be the option

Answer 9

I would set up an electrical fire with any luck she dies and he gets all the insurance money...lol...Just kidding.

Explain to her that she can either buy him out or he will let the mortgage default and they both lose the houose to the bank. I bet half sounds alot better to her than nothing.

Answer 10

How can you have spent that much on legal fees and not have an agreement validated by a court as to what happens in this circumstance? One or the other would have been ordered to buy the other out within a certain time frame. Change your Solicitor and get a fresh view on this. If she wants to occupy the house, then let her take it on and buy him out, if neither wants to stay there then it should be rented out until it sells and the equity divided as the Court sees fit, but them both living there with no legal end stage in sight is nonsense.