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For anyone astute about real estate....could use some help
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<blockquote data-quote="BusynMember" data-source="post: 539188" data-attributes="member: 1550"><p>I will try to explain this quickly.</p><p></p><p>My son S. and his soon-to-be-ex J. had a house built for them on a rent-to-own basis. I know this is unusual, but the builder couldn't outright sell his homes so he allowed them to rent-to-own (in a three year spread) a house he built for them from scratch. Are you still with me? </p><p></p><p>Fast forward. They have lived there for a year and J. wants a divorce and is hot to move out of the house. She is almost packed and ready to go. If she moves out, S. can't afford to live there alone. How the hello should he get out of the lease/agreement without wrecking his credit? Is it possible? J. doesn't mind having bad credit so appealing to this doesn't work with her. He would like her to stay until the divorce is final, but she is already trotting around town, even taking my grandson out with her until 10 at night and she is loving the single life. She doesn't want to live with him anymore.</p><p></p><p>Any ideas? I don't know anyone who has been in this situation before so I just told him to talk to the builder. He is NOT paying a bank. For the first three years, the builder agreed to let them pay him. </p><p></p><p>Any feedback is appreciated. Thanks! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="BusynMember, post: 539188, member: 1550"] I will try to explain this quickly. My son S. and his soon-to-be-ex J. had a house built for them on a rent-to-own basis. I know this is unusual, but the builder couldn't outright sell his homes so he allowed them to rent-to-own (in a three year spread) a house he built for them from scratch. Are you still with me? Fast forward. They have lived there for a year and J. wants a divorce and is hot to move out of the house. She is almost packed and ready to go. If she moves out, S. can't afford to live there alone. How the hello should he get out of the lease/agreement without wrecking his credit? Is it possible? J. doesn't mind having bad credit so appealing to this doesn't work with her. He would like her to stay until the divorce is final, but she is already trotting around town, even taking my grandson out with her until 10 at night and she is loving the single life. She doesn't want to live with him anymore. Any ideas? I don't know anyone who has been in this situation before so I just told him to talk to the builder. He is NOT paying a bank. For the first three years, the builder agreed to let them pay him. Any feedback is appreciated. Thanks! :) [/QUOTE]
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For anyone astute about real estate....could use some help
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