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Old 01-16-2021, 05:23 PM
audrewh audrewh is offline
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Default about separation agreement

Here is the case:
1. We have a matrimonial home with heloc and mortgage on it.
2. I have another condo and semi-detached house.
3. Ex has other investment

The only asset we should split is matrimonial home. Since I have sole custody of child, I will take over matrimonial home to help my child stay the same house. To be able to buy him out, I need to sell my condo and let him take over the semi-detached house at the estimated market value in Nov. 2019. The agreed settlement date is August 2020.

Due to COVID situation and I am not able to sell condo before August 2020, we agreed to postpone the settlement date to Jun 2021. Here are two questions:
1. Can I request the settlement date to be postponed again with the COVID getting worse?
2. Should those property numbers to be recalculated based on current market value and remaining mortgages?
3. Do I need legal document from lawyer?
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