How about this though … does anything in the paperwork prevent you from talking to the neighbors? Sometimes they have a lot more knowledge that banks/officials don’t have. I think it’s in the neighbors’ best interest to help secure a stable new owner by talking to potential bidders.
Nothing in my area has sold at auction because of this. Here in FL, it makes it easier for the bank to get the house. 1 year vs 3-4 years. Basically, the bank is trying to get their money and they also start the bidding close to what is owed. Bidding on a house on my street was supposed to start at $280k, didn’t go at auction and the list price now is $139k and that is too high for this property.
to find out what you need to do to protect your share of the houses. Even if you end up getting back together with your husband it’s a really good idea to know where you stand.
If your grandfather is willing and able, there may also be ways to protect your share of his house in *his* will.
This stuff is really different on a state-by-state basis.
And I agree with Eldred, if you are completely sure that you’re going to get a divorce, don’t put it off. Some things don’t improve with age.
One thing DR talks about a lot is “accidental investments”. You own 50% of a rental house right now with your husband. If you didn’t own the house and received $100,000 (or whatever your share is worth) right now, would you choose to take that cash and put it into a joint investment with your husband? If your first reaction is “NO WAY!” then you need to think hard about getting out of that and into something that makes sense for you today.
that debt load would probably fall on you, taxes and all. Sometimes the spouse can also get a good portion of your retirement, don’t know his income but if you have no debt and he has lots if everything went ugly you could wind up paying him. If you have a decent relationship now you might want at least a legal separation at this time even with the possibility of some day being together again. You could see how the financial split would be now instead of after an inheritance happens. Seems like if you are just living apart, he would have to be on board with a mortgage or they would at least factor in his poor credit if you are still a couple even as your sole property.
if you don’t see yourself getting back together, get the divorce NOW. At the moment, you don’t own the property, and that ‘wealth’ can’t be used against you for division of assets. Then if he would owe you alimony you might be able to negate him having any claim on your inherited house. Talk to a lawyer now, but I’d think that if you cut ties BEFORE you get the house, it would be easier to keep it to yourself(and brother).