A few details:
-separated late june 2014
-cottage sold Dec 2014 - proceeds held in lawyer's trust due to no separation agreement
-Dec 2014 - ex moves into new house (bought joint with new BF and with him as primary on mortgage)
-since then I have had exclusive possession of matrimonial home and have worked non-stop on renovating to get ready for sale
-it is ready to be listed any day
-Ex has consistently stalled on negotiating SA (she walked out of mediation in Oct 2014). A complete draft SA was sent over 5 weeks ago to her lawyer with expected response date of 2 weeks - nothing received yet...who knows when this will actually move forward?
I am hesitant to list the house now as theoretically it could sell and if I don't have a signed SA all proceeds would be held in lawyer's trust again...giving me $0 to put down on a new place. I have also just been informed by my broker that without a signed SA I can't get a new mortgage to fund either...I don't want to be in a situation where I am being financially leveraged to sign a crappy SA.
I've even had a friend offer me $50k loan for a downpayment to get out from under her financial control - but the SA requirement for a mortgage to fund nixes that.
I am at my wits end here. How do I move forward? Thoughts? All of this is so ironic as I am the parent working their posterior off, have covered all joint bills since sep., have paid an interim amnt of SS and CS AND somehow she's the one who decides to not work and manages to have a house ???
SIGH
-separated late june 2014
-cottage sold Dec 2014 - proceeds held in lawyer's trust due to no separation agreement
-Dec 2014 - ex moves into new house (bought joint with new BF and with him as primary on mortgage)
-since then I have had exclusive possession of matrimonial home and have worked non-stop on renovating to get ready for sale
-it is ready to be listed any day
-Ex has consistently stalled on negotiating SA (she walked out of mediation in Oct 2014). A complete draft SA was sent over 5 weeks ago to her lawyer with expected response date of 2 weeks - nothing received yet...who knows when this will actually move forward?
I am hesitant to list the house now as theoretically it could sell and if I don't have a signed SA all proceeds would be held in lawyer's trust again...giving me $0 to put down on a new place. I have also just been informed by my broker that without a signed SA I can't get a new mortgage to fund either...I don't want to be in a situation where I am being financially leveraged to sign a crappy SA.
I've even had a friend offer me $50k loan for a downpayment to get out from under her financial control - but the SA requirement for a mortgage to fund nixes that.
I am at my wits end here. How do I move forward? Thoughts? All of this is so ironic as I am the parent working their posterior off, have covered all joint bills since sep., have paid an interim amnt of SS and CS AND somehow she's the one who decides to not work and manages to have a house ???
SIGH
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