Divorce and New Home

[nextwife]

I'd suggest getting a CO to sell the house and split the shortage needed to close the deal, if any, from other marital resources. Speaking from experience, most lenders would FAR rather work with the buyer on a short sale, than have a foreclosure. They also will be more cooperative if the seller shows some willingness to share the loss by agreeing to bring some cash to the table, rather than expecting the lender to shoulder the entire shortfall.

Lenders are really tired of buyers thinking their mortgage responsibilities are transitory and dependent on whether they want in or out of their relationship du jour. People just don't seem to understand what a LONG term commitment is supposed to be. Joint Mortgages, and kids, are SUPPOSED to be part of a LONG TERM relationship, not something one just does without thought and bails on a year or so later when they want to move on. Over the LONG term, real estate will always do well. It's not intended to be something one dumps in a year or so and never takes a loss in such a short term.

 

[Bali Hai]

I'd suggest getting a CO to sell the house and split the shortage needed to close the deal, if any, from other marital resources. Speaking from experience, most lenders would FAR rather work with the buyer on a short sale, than have a foreclosure. They also will be more cooperative if the seller shows some willingness to share the loss by agreeing to bring some cash to the table, rather than expecting the lender to shoulder the entire shortfall.

Lenders are really tired of buyers thinking their mortgage responsibilities are transitory and dependent on whether they want in or out of their relationship du jour. People just don't seem to understand what a LONG term commitment is supposed to be. Joint Mortgages, and kids, are SUPPOSED to be part of a LONG TERM relationship, not something one just does without thought and bails on a year or so later when they want to move on. Over the LONG term, real estate will always do well. It's not intended to be something one dumps in a year or so and never takes a loss in such a short term.

Thank the libbers for enacting laws and raising a generation of irresponsible people, both male and female!!

 

[fairisfair]

Thank the libbers for enacting laws and raising a generation of irresponsible people, both male and female!!

and here's to all the dad's who let those "libbers" do it by themselves. bahahahaha

 

[Vassago]

nextwife - you bring up some interesting and valid points. The problem is, we have no money. We don't have anything to bring to the table. I also have an oppurtunity to help out some friends that need a place by taking on roommates, as well as a chance to prevent my credit from being negatively affected by this. I think it's worth a shot before considering short sale. If things start looking bad, I will of course contact my realtor and my bank and see about a possible short sale on the property.

 

[Vassago]

Thank the libbers for enacting laws and raising a generation of irresponsible people, both male and female!!

Tell me about it, I thought we were both responsible and content enough in our relationship to buy a house, even at our ages. I guess she wasn't.

 

[Ohiogal]

Tell me about it, I thought we were both responsible and content enough in our relationship to buy a house, even at our ages. I guess she wasn't.

Join Bali Hai's bandwagon and insult the women here who have been trying to help you. That is NOT a bright move.

 

[Bali Hai]

and here's to all the dad's who let those "libbers" do it by themselves. bahahahaha

These days, the dad's need to keep their mouth shut and let the women run everything or go to jail!!

 

[Ohiogal]

These days, the dad's need to keep their mouth shut and let the women run everything or go to jail!!

Bull. Bali come on. Show you are enlightened.

 

[Vassago]

Join Bali Hai's bandwagon and insult the women here who have been trying to help you. That is NOT a bright move.

Huh? In what way did I insult anyone? I only said she (my wife) was not content enough in our relationship to buy a house.

 

[Vassago]

I'm speaking with a lawyer tomorrow regarding our plans. I'm also trying to decide if mediation is the best stop for us because we don't udnerstand the paperwork very well and can't afford lawyers. From what I understand, they will file all the paperwork for us and provide a divorce settlement including all stipulations and separation of assets/debts with the paperwork legally. Is that correct?

 

[jbw]

divorce real estate question

Can anyone give me some information, I'm in Texas.....house went to the ex-wife with the stipulation she was to refinance into her own name. I gave her all the equity, didn't sell and split profit. Over two years later she has not refinanced into her name. I had a really bad attorney, she isn't at the firm any longer and doesn't even practice law. I don't have anyone to go back to and ask about what to do from here to have my credit released. Is there any legal recourse? I made spousal support for 18 months in the form of house payments to give her time to refinance, that ended last July. Anyone have any thoughts?