Property Division In Virginia

Summary

In Virginia, marital property is divided equitably, meaning it is not necessarily split 50/50 but rather in a manner deemed fair by the court. If the mortgage is only in the wifes name, it does not automatically mean she will keep the house. Factors such as contributions to mortgage payments, upkeep, and other financial aspects are considered. Options include selling the house and splitting the proceeds, one spouse buying out the others interest, or continuing to co-own the property. Consult a Virginia family law attorney for personalized advice.

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only under the wifes name, now the realtionship is not good & can the wife keep the house
In Virginia, marital property is divided equitably. If the mortgage is only in the wife's name, it may not necessarily mean she gets the house. Factors such as contributions to payments, upkeep, and other financial aspects are considered. Please consult with a legal expert for personalized advice.
thank you
You're welcome! If you have any more questions or need further clarification, feel free to ask. It's important to consult with a local attorney to understand your rights and options.
So the wife moves out of the house since the husband do not want to sell it or is unable
Can you clarify whether the wife wants to keep the house or is seeking to have it sold? This would help in providing a more accurate response.
to refinance because his credit is not good, what else she can do.
In Virginia, the wife has several options:
- The couple can agree to sell the house and split the proceeds.
- The wife could buy out the husband's interest in the house.
- They can continue to co-own the property, even after separating.
Please consult with a Virginia family law attorney for personalized advice.
thank you
You're welcome! If you have any further questions or need more information, don't hesitate to ask. It's always a good idea to consult with a local attorney to understand all your options fully. Best of luck with your situation.