Nevermind...thanks to all who replied

[CaliMommie]

Nm

[Jilian]

From what I understand, your home is used as collateral in a second mortgage just like it is in a first. so if you pay the first mortgage and not the second you could still lose the home. I'd be more concerned with owning a home with your XH and putting up that much cash to "save" it. It doesn't sound like your ex is the most financially responsible person so maybe you should work on getting him off the deed before you put up that much money and sacrifice your own financial security for a property he also owns interest in.

[CaliMommie]

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[Jilian]

I'm divorced too so I understand. But didn't the judge grant the house to one of you in the divorce? Even if he signs off the deed he will still be on the mortgage unless you refi and with such bad payment history I'm not sure you'll get a refi. It sounds like a sticky situation. What is there to stop him from coming back to claim half of the equity when you get the payments current? Def get a laywer involved and remove him the right way.

[CaliMommie]

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[p1gg1e]

Hum...Id not take the house. Id rather find a new place to live or rent but thats me. If you haven't lived there since 2007 and are remarried then MAYBE you would be able to not go under when the house forecloses and you both wont be tied to anything but CS after that...

[CaliMommie]

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[1growingsprout]

I would speak to another attorney. that sounds like an ungodly amount of money to put toward something your ex has been living in for free for amost 9 months. Just because the 2nd mortgage 'said' they wont forclose doesnt mean anything. what if that company is bought out, what if they sell the note? anything can happen,there are no guarentees in this.

First you need to get your xh off the house papers. child support and mortgage are two seperate issues.

right now it doesnt sound like you have the $$ to afford this house either. what is your current dh contributing to the housing fund?? $2200 for the 2nd is ALOT of money, money that it sounds like you dont have. you are selling your car for the 1st mortgage, what will you do for transportation??

IMO this just does not make financial sense.

[CaliMommie]

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