So if you have a joint account for instance in both names or your name and the judge says your ex-wife is to pay and resolve the debt as part of the decree and they do not the credit company will come after you for payment and start reporting negatively to the credit bureaus.

The big problem is joint ownership.

If your are married filing jointly (MFJ) the gain exclusion on the sale of a personal residence is $500k.

I believe menoring comes in all shades; from the Professional Training courses, Joint Ventures,one on one, real estate investment clubs, books, podcasts, forumns, group training and one on one.

Hi Lakisha,I haven't ever done a long distance L/O, but I was wondering would it be helpful for you to use a Realtor on the other end to help show and sell the property and could you use a joint venture agreement between you and the other person on the other end?

I will tell you this though, developing a piece of property involves a lot more than most people know.If you can tie it up, you may be able to find a developer and get their input, resell it, or do a joint venture.

What a person can do is file the legal separation which technically allows you to continue with sole control, but that is weak as well, if she wanted to fight it she very easily could with a good lawyer and if you had any crossover at all like using a joint account to write escrow for property or anything like that pow the new asset is attached to her.When my divorce began I was expecting 3-6 months tops.

im not sure as we did it before marriage.Im guessing things to avoid before purchase would be name change and filling taxes jointly.

We have also done numerous joint venture deals.Thanks for reading and have a great day.

There is a petition by the court to attach all real estate property owned (individually or jointly) by the owner and any of his LLC's.