LdiJ
Senior Member
I can't emphasize enough how much the two of you are risking losing if the house forecloses.
The bank won't be interested in getting any more out of the house than what they have in it....and they will charge off ALL costs of selling the house to you as well. Even with the amount of equity that you have, you could not only end up with nothing, but end up owing the bank.
You have to make your husband see that he can't throw almost a hundred grand away. He won't be happy that he has to share it with you...because he will want to gamble it away...but you can refuse to sign the check unless half of it is deposited in an account in YOUR name only....or you can even insist on separate checks at closing.
Even if eventually a judge decides that you are not due a full 50% share, at least the money will be safe and unspent.
Your other option might be to tell his mother the truth, that you intend to leave him because of the gambling. Ask her to loan you the money to save the house, and sign a promissory note to pay her back out of your share of the proceeds. If she would help you, that would buy you the time that you need to get a judge to order the house sold, so that you don't need your husband's cooperation.
Please understand that you really are on the verge of foreclosure.
The bank won't be interested in getting any more out of the house than what they have in it....and they will charge off ALL costs of selling the house to you as well. Even with the amount of equity that you have, you could not only end up with nothing, but end up owing the bank.
You have to make your husband see that he can't throw almost a hundred grand away. He won't be happy that he has to share it with you...because he will want to gamble it away...but you can refuse to sign the check unless half of it is deposited in an account in YOUR name only....or you can even insist on separate checks at closing.
Even if eventually a judge decides that you are not due a full 50% share, at least the money will be safe and unspent.
Your other option might be to tell his mother the truth, that you intend to leave him because of the gambling. Ask her to loan you the money to save the house, and sign a promissory note to pay her back out of your share of the proceeds. If she would help you, that would buy you the time that you need to get a judge to order the house sold, so that you don't need your husband's cooperation.
Please understand that you really are on the verge of foreclosure.