Divorced owners advice

Started by Mr893w ago147 views3 replies
0
#1โ€ข3w ago
Joined 3w ago

Looking for some advice....

I have a friend who owns a DVC contract with their ex. The divorce stated they are to share the DVC 50/50 but that has become a bit of a "Cluster.." They DO NOT want to deal with this for the next 30+ years...

They gave the ex options....
1) Sell... split $
2) One owner buys the other out.
The ex is not willing to do either option....

I feel bad for this person, I'm hoping someone here can offer some insight that I can pass along.

TIA

#2โ€ข3w ago
39postsยทJoined 6w ago

They both do not want to deal with the current set up. How have they been dealing with it and how long? What is the ex looking for/want to do since the ex does not like the options and what they are currently doing? Does the ex want to have it all? Wants a different option? Just curious.

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#3โ€ข3w ago
7postsยทJoined 6w ago

My ex and i divorced last year. We had three contracts. We sold two of them and split the proceeds. I am buying out the third contract and removing his name from the deed.

It hurt selling those contracts. I have since bought my own and it feels so good! I hope your friend is able to get past any hard feelings and see how much brighter the future can be without having an ex weighing them down. I wish them all the best!

Founding Member๐Ÿฆ’AKV Owner๐ŸŒŠAUL Owner๐ŸŽŸ๏ธWDW AP๐ŸญD23๐ŸŒบPVB Owner
#4โ€ข3w ago
19postsยทJoined 6w ago

The reality is that the "ex" needs to grow up. If the "ex" equally doesn't want to deal with it for 30+ years, then those are really the only two options. If the "ex" doesn't want to deal with either option, then your friend could theoretically threaten to sell her share to someone else. Then the "ex" gets to deal with a complete stranger. Of course your friend may get less than what she would normally get. Another option is to have your friend just rent out your friend's portion and use it to fund her separate purchase of a contract.

Alternatively, your friend could do a number of other actions which would affect the "ex's" ability to enjoy the membership, such as refusing to pay half of the dues on time, canceling the "ex"s reservations, commercially renting, etc. The "ex" could sue to enforce the terms, but then given the non-viability of 50/50 ownership, the judicial system might just say that the options are the ones given, sell and split $, or one owner buys the other one out.

Founding Member๐ŸงณDVC Both Coast๐ŸšขCastaway Club๐ŸญD23๐ŸŽŸ๏ธWDW AP

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