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How to distribute after paying off the mortgage

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How to distribute after paying off the mortgage


        

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  • 2024-06-06 08:00:04

    When couples divorce, they will divide their property.

    If there are commercial houses bought by mortgage loans in the joint property of husband and wife, there are two ways to deal with them. One is to pay off the loan in advance. One party selects the property right of the house and gives the other party participating in the joint repayment the repayment part; The other is that both parties or one party will continue to repay the loan. After the loan is paid off, both parties will decide the ownership of the house through negotiation or by suing the court. If one party signs a real estate sales contract before marriage, pays the down payment with personal property and loans in the bank, and pays the loan with the joint property of the husband and wife after marriage, and the real estate is registered in the name of the down payment payer, the real estate shall be handled by both parties through agreement at the time of divorce.

    [Legal Basis]

    Article 1087 of the Civil Code states that at the time of divorce, the joint property of the husband and wife shall be handled by both parties through agreement; If the agreement fails, the people's court shall make a judgment according to the specific circumstances of the property and the principle of taking care of the rights and interests of children, women and the innocent party.

    t***

    2024-06-06 08:00:04

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