Open Question: When does a buyout of a house need to be finalized in a divorce?

[Administrator]

My husband and I have been seperated for 1 year. I have been holding off on filing divorce papers because he has been trying to figure out what he wants to do with our house (both of us are on deed and mortgage). He wants to buy me out...we got the house appraised and found that we have 70K equity. He has agreed to pay me half of that. Here is the problem....he wants to pay me in installments (some at filing, some when the divorce is final, and then the rest about a year later). I believe he wants to split it up like that because he needs time to get the money together from his family (he doesnt have the money on his own). He also wants me to give him an unlimited amount of time to refinance (he cannot secure a loan for the house in his own name at this time) and he wants me to keep my name on the mortgage until he can "afford to refinance". What would you do here? I want him to be able to keep the house, cause we have a child and I want to make the divorce as easy as possible.

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