Wife wants house and loan from my cousin in mutual divorce. What to do
09-Sep-2023 (In Property Law)
My question is that my cousins has file a divorce case against his wife and is living with someone else . His wife is residing at the same house which has been bought by my cousin and the property is on loan from the bank it has been now 3 years that they are separated and the case is still running . My question is that the lady wants the complete ownership of the house and also have this condition for mutual divorce is that she will take the complete house and my cousin have to made the home loan free.
Parties reach at the stage of mutual divorce when they agree at certain terms and has decided to end the relationship. The terms can be a lump sum amount as permanent alimony or a property or both which depends on the status of the parties.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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