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Can ex sell house for less than the loan

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Luke | 09 Jun 2015, 04:53 PM Agree 0
Hi Everyone

I need some advice. Basically the property settlement orders with my ex says she can sell the house (even though its in my name) using the court to sign on my behalf. Then the remainder will come out of my super.

The worry I have is that she will do a fire sale ie sell the house for less than the value of the loan. I am wondering if that is possible? If so I would have to pay the difference I assume? is there anything I can do to prevent a fire sale?
  • anon | 23 Jun 2015, 05:00 PM Agree 0
    licenced valuer recommended prior to sale
  • Terryw | 02 Jul 2015, 02:16 PM Agree 0
    Yes she could, but you could make a claim against her if this happens. The mortgage would only be discharged if the loan paid out too.
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