The Divorce Collective

Who pays the mortgage when we separate? (92)


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There are hundreds of questions about what you can and can't do, what your ex can and can't do and who does what? Separation brings with it a myriad of legal and financial considerations. 


There are a number of scenarios that can happen at the same time of separation that might change the answer to this question, Dannielle Young will go through some of these throughout the Podcast:

 

1. The mortgage is in joint name and you are living under the same roof
2. The mortgages in in joint name but one person moves out 
3. The property and the mortgage is in your sole name 
4. The property is in your sole name but the mortgage is in joint names

Separation can be a trying time, and dealing with mortgage payments and property settlement matters only add to these complexity. It is crucial to approach these issues with a clear understanding of your legal rights and responsibilities. Consulting with a Family Lawyer experience in Australian Family Law is highly recommended to ensure a fair equitable resolution. 


Remember, open communication and cooperation with your ex-partner can go a long way in finding an amicable solution to mortgage payments and property settlement matters. 


Want to know more? Tune in and listen to our Senior Associate Dannielle Young and how she takes you through some scenarios that can happen at the time of separation in the Divorce Collective Podcast.


Did you know at Collective Family Law Group, we offer FREE initial consultations. We offer initial face-to-face appointments in our Gold Coast, Brisbane and Cleveland offices or via zoom. Head on over to our website collectivefamilylaw.com.au or call us on (07) 5574 0971 to book your appointment.



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The Divorce CollectiveBy Caralee Fontenele


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