Pompano Beach, FL asked in Divorce for Florida

Q: wife owes $120,000 (loans), I owe 6K. House worth $265K, we owe $130K. she keeps hous, but pays me my part 7K, less 60K.

Divorce- she keeps kids in our house and has a 4K month salary, I recently lost my job and only have 2K per month income driving for Uber. I will soon have my S6 license and will be working with Prudential Financial Serv. Wife owes 120K in student loans, I owe about 5K credit card debt, that's it! She wants to stay with kids in Houz and give to kids when they grow up (so she says)... We owe 127K on house, but house is valued at 268K on willow.com, equity of 140K... I want to sell house but she doesn't, kids... She wants to buy my portion of the house (which would be about 72K), and the remaining balance (12K, which is left after deducting my half of the debt 60K) would consequently be deducted from what I owe her in child support. If I agree, I am being "forgiven" my portion of the debt, but would still pay child support. My problem with all this is, If she sells the house in a few years, or later this year later, she can pay-off her loans and still make a good profit... what can I do?

Related Topics:
1 Lawyer Answer
John Arthur Smitten
John Arthur Smitten
Answered
  • Clearwater, FL
  • Licensed in Florida

A: Lots of issues here, you should consult with a lawyer

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.