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Divorced and Trying to Sell Home...Approached with Subject to Offer (Georgia)

So I recently got divorced (yay), but until the house is sold, my ex has exclusive possession of the property (not yay) and I have to pay 1/2 the mortgage. There is a decree setting the listing price and the reductions and timing of reductions. I could sell it as the realtor and save the 3% commission but my ex really does not want that and I really don't want to be paying 1/2 the mortgage anymore. I was approached by an investor who wants to do a subject to which makes me quite nervous as I have about $500,000 of equity in the home. I will have to pay out my ex around $110k to get off the title. I am the only one on the mortgage.

I was thinking the safer way to structure this would be a rent-to-own with a required option to purchase by a certain date where they put down the amount to buy out my ex and paid me (possibly through a 3rd party) the mortgage (which includes escrow that covers property taxes and insurance). I would seller-finance the remaining equity.

I have never done this before. My biggest goal is to sever my final tie with my ex and remove the monthly mortgage payment from my life. If anyone has any advice as to how to structure this to be both safe for myself and the buyer, it would be much appreciated. The suggestion for the subject too came in about $25k lower than market rate. I was going to propose the same with a 3 year term which included a down payment to buy out the ex and then an additional amount over the mortgage payment for 3 years with a balloon payment at the end and a tiny interest rate. In the alternate, a smaller additional payment over the mortgage payment with quarterly payments and then a final balloon payment with 0% APR for the buyer.

Any insight or thoughts are greatly appreciated! Posted in real estate investing as well!

submitted by /u/Top-Cartographer7111
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source https://www.reddit.com/r/RealEstate/comments/1cw9qvu/divorced_and_trying_to_sell_homeapproached_with/
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