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Undervalued property to avoid divorce settlement

  • GotStuffedAtCourt
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19 Apr 12 #324967 by GotStuffedAtCourt
Topic started by GotStuffedAtCourt
My Question:
Can I go to court to claim for an unfair and undervalued property valuation?

My Exwife has sold the home. In the financial settlement I am permitted to receive 40% of the Net from the house.
The property was originally marketed by the estate agents for £289,950.

Due to an excuse of "financial difficulty" my exwife has accepted an offer of £250,000 for the house, an almost 15% reduction in the house price.

She is telling me the house is being sold for £250,000 I believe she has actually sold it for more and is trying to pocket the difference. I cant prove this so I will have to take her word for it.

If I feel the property is being undersold to avoid stamp duty for the buyers, or to avoid paying me my fair share, can I go to court to claim for an unfair and undervalued property valuation?

Any advice on this would be most gratefully received.

Regards

Matt

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19 Apr 12 #324974 by cookie2
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Is the house in your name also? Just don''t sign on the dotted line.

  • soulruler
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19 Apr 12 #324979 by soulruler
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Be careful, as the house is being sold and will be done by solicitors conveying this it is easy enough to check the price by ringing up and asking the solicitors of this.

I know it is difficult but the fact that she has got a buyer and has sold and you have a percentage of the house rather than a fixed price means she will be "loosing" out just as much as you.

I think actually that it was sensible to take a real offer rather than holding out for a potential offer and waiting indefinitely for a buyer to come along that was willing or even able to offer the valuation price.

It is no secret that the housing market is in termoil and crisis. One of my neighbours has had his house up for sale for 3 years and has had offers for only 70% of the "market value" and friends have told him to lower the marketing price - his resonse how will that help me as the only few offers I have had have been way below the existing price and in any case I haven''t even had any views now for the past 4 months - he and his wife are happily married and want to move by choice.

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