I am in the process of divorce. After the property assessor gave his valuation of the family home, my wife told the court dealing with our financial proceedings that she doesn’t want to buy my share of the apartment, and she wants a property receiver to be appointed to deal with selling it, and dividing the proceeds between us. Now, the valuation given by the property assessor is acceptable to me, and I am willing to buy my wife’s share of the apartment. Is the court likely to agree to this ?
By: דיאנה שאלתיאל•Published on: 10 May, 2022Yes ! If the valuation is also acceptable to the wife, then there is nothing to prevent the husband from buying the wife’s rights in the apartment, according to it. This will mean that the appointment of a property receiver, which is costly, is now unnecessary. If, however,wife does not find the valuation acceptable, then application can be made to the court for it to appoint an assessor itself, as its own, court-appointed expert, so that the sides can weigh up their decision. Whilst it is possible to reach a simple ,effective and result cheaply, there is no need to appoint a property receiver.