{"id":4405,"date":"2012-05-31T09:24:21","date_gmt":"2012-05-31T09:24:21","guid":{"rendered":"https:\/\/gregorydamy.niceavocats.fr\/?p=4405"},"modified":"2023-08-16T05:57:12","modified_gmt":"2023-08-16T05:57:12","slug":"mortgage-division","status":"publish","type":"post","link":"https:\/\/gregorydamy.niceavocats.fr\/en\/mortgage-division\/","title":{"rendered":"Home loans and separation"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.19.5″ custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.19.5″ _module_preset=”default” background_enable_mask_style=”on” background_mask_style=”wave” background_mask_color=”rgba(0,0,0,0.08)” custom_padding=”||6px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_circle_counter title=”Estimated reading time (in minutes)” number=”2″ percent_sign=”off” _builder_version=”4.20.2″ _module_preset=”default” title_font=”Amiri||||||||” max_width=”137px” global_colors_info=”{}”][\/et_pb_circle_counter][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/gregorydamy.niceavocats.fr\/wp-content\/uploads\/2023\/07\/wedding-rings-1284225_1280-2.jpg” title_text=”wedding-rings-1284225_1280-2″ _builder_version=”4.21.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_image][et_pb_text admin_label=”Text” _builder_version=”4.21.0″ text_font=”Amiri||||||||” header_2_font=”Amiri||||||||” header_3_font=”Amiri||||||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

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If the couple took out a\u00a0\u00a0<\/span>mortgage\u00a0<\/span>\u00a0together, what happens in the event of separation?\u00a0<\/span>What are the solutions?<\/span><\/span><\/p>\n

In case of MARRIAGE<\/span><\/span><\/h2>\n

According to the\u00a0<\/span>marriage contract<\/span><\/a>\u00a0, the\u00a0\u00a0<\/span>spouses\u00a0<\/span>\u00a0can own all the property of a fraction determined in the contract of sale.\u00a0At the time of the divorce, the family court judge will decide who will return the property and who will be responsible for repaying the loan.\u00a0However, this decision is not opposable to the bank and the latter can always decide to sue the spouses, considering that they are jointly and severally and without taking into account the procedure in progress.<\/span><\/p>\n

In the event of PACS or CONCUBINATION<\/span><\/h2>\n

In the case of a PACS or cohabitation, the property must be purchased jointly.\u00a0To get out of the co-ownership, you have to go to the tribunal de grande instance.\u00a0He will then decide on the allocation of the property to one or the other, or may also decide to sell the property by redistributing the price according to the shares of each.\u00a0This procedure is complex and the bank generally awaits the decision of the court before prosecuting one or other of the borrowers.<\/span><\/p>\n

An AGREEMENT between the borrowers<\/span><\/h2>\n

During a separation, it is important to continue to pay the installments to the bank.\u00a0Borrowers must therefore quickly find an agreement to settle the maturities.\u00a0It is preferable to conclude a written agreement with the bank on the terms of repayment.\u00a0One of the borrowers can thus redeem the entire share of the loan from the other borrower and the real estate will then be allocated to him after a modification of the property according to a deed signed before a notary.\u00a0If we cannot reach an agreement, it is also possible to sell the property out of court to repay the entire loan.\u00a0In all cases, care must be taken to continue to settle the maturities within this interval in order to avoid any legal action by the bank.<\/span><\/p>\n

In case of DISAGREEMENT<\/span><\/h2>\n

In this case, the bank will want to recover its money and will then take legal action to pronounce the forfeiture of the term provided for contractually.\u00a0This is the rule that appears in all loan contracts.\u00a0The entire loan is then payable immediately.\u00a0The bank can then decide to proceed with the forced and judicial sale of the property before the high court.\u00a0It is always possible for borrowers to request the amicable sale of the property.\u00a0In all cases, the bank recovers what is due to it.\u00a0If the sale price is lower than the amount to be paid, the bank can sue the borrowers until full reimbursement by seizing a bailiff.<\/span><\/p>\n

DAMY law firm<\/span><\/a>\u00a0, Nice, Real estate loans and separation, Update 2022<\/span><\/p>\n<\/div>\n

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If the couple took out a\u00a0\u00a0mortgage\u00a0\u00a0together, what happens in the event of separation?\u00a0What are the solutions? In case of MARRIAGE According to the\u00a0marriage contract\u00a0, the\u00a0\u00a0spouses\u00a0\u00a0can own all the property of a fraction determined in the contract of sale.\u00a0At the time of the divorce, the family court judge will decide who will return the property and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[303,309],"tags":[],"class_list":["post-4405","post","type-post","status-publish","format-standard","hentry","category-family-law","category-real-estate-law"],"yoast_head":"\nHome loans and separation - Soci\u00e9t\u00e9 d'avocats Damy<\/title>\n<meta name=\"description\" content=\"Mortgage division If the couple has taken out a mortgage together, what happens in the event of separation? 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