Posts Tagged ‘Child Support’

How to get out out of a expensive mortgage?

mtnman717us asked:


Is there any good way to get out of an upside down mortgage? My ex wife currently owns a house that she really can’t afford. We refinanced the mortgage when we got diovrced 5 years ago. Since then, she has refinanced once more. With the current housing market where she lives, she owes more than she could get for it by selling at a reasonable price. Does she have any options to get out of the mortgage?
If my ex wife sells the house for less than she owes on the mortgage, and owes the difference to the bank, is that money owed at the time of closing or is it paid back as a personal loan?
I did try to help her sell it when we got divorced, knowing it was too expensive for her to maintain with her financial situation. My advice was not well received, as she wanted the status symbol of a big home. I no longer have any financial obligation on the home, so it is not my problem to resolve.
For anyone who wants to know my motive, there is no motive for me one way or the other. I don’t benefit one way or the other. I do care about my children though who live with my ex wife, and making sure they are cared for and have a nice, reasonable place to live. I pay my child support and she needs to also be able to adequately take care of them and share the costs of raising them.

mortgage refinance

IS THE COST OF LIVING KILLING US?

M@r1ey asked:


It’s really killing me I work all day come home to 5 kids whom I raise alone child support for one wow, i basically do it by myself, and god help me it’s the hardest thing i do, but I do it, I stress everyday struggling to get by. I get paid every two weeks, I’m in debt because of the cost of living and I get can’t get out living costs more than I make and I refuse to go back to the ghetto and I’m not even fully out. I just want to be able to get by not stress over paying this and paying that bills galore I can’t afford to live anymore what do I do? Solutions no criticism please thank you much.

debt solutions