Due to matrimonial dispute, the flat that i have bought is in question. The question and concern here is not a new one and perhaps the most common question posed by unsuspecting husbands who included their wife's names in the purchase agreement purely on emotional basis.
Let me repeat the question. I have been paying single handedly paying EMI of my house since 2007. We are heading divorce. I have read in few threads on this forum and elsewhere on this website that it is possible to sell 50% of the share in the property. Sounds like a terriic idea. I have few questions related to this proposition and I would invite clarifications/views/suggestions from all the learned people to the experts/ people travelling in the same boat as me:
1. Is selling 50% in co-owned property a practcal idea? Does it really happen in the real world? Has someone really done it? If yes, I would like to discuss with you at the earliest?
2. What legal papers do I need to exchange with the buyer & co-operative society if I decide to sell it to some potential buyer?
3. What about the pending bank loan?
Awaiting your views.