Breakups & Divorce Support Group
Just broke up with someone or in the midst of a difficult divorce? Breaking up is difficult no matter what the circumstances are. They say that time heals all wounds, but sometimes a listening ear or a hug can work wonders for the heart. Whether you need a place to vent, someone to hold you to No Contact, or need advice about what to do, we're here to help.
with the house. neither one of us can afford to buy the other out. he wants to know would my mom buy it and live here. she wont go for that . she has a job where she is and a nice little house. or, if his mom will sell hers and buy my portion and im NOT going for that. then she'd be here taking care of my boys , not me. and im their mother. i have been their pricmary caregiver. why give my parental duties over to someone who has been involved little to NONE in my kds lives and now shes trying.
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theatre and I are there already. I'm having a very berry tea with crackers, cheese and cherry tomatoes and she's having a joint with some beer and we're both on really comfy recliners on thick pile carpet. we need some help with the decor if anyone is around??
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I'm trying to exercise daily. I was doing fairly well until I sprained my ankle 2 weeks ago but now I'm getting back on the horse. Today I walked over a mile with my arm weights that are about 22lbs total. I was out of shape and it was hard on my arms. I also did my 30 situps. I'm also going to drink a lot of water and try to eat healthy. I do tend to have a sweet tooth but I'm cutting...
We opted to sale and then split the $$.
As for splitting stuff up, sometimes, when neither can buy the other out, the house gets sold and the money split. This should give you a good start to a new.
To calculate your net, you need to know what your current mortgage payoff is (use your last statement, you only need a rough amount, not the true payoff amount) and look to see if there any pre-payment penalties. To help you assess what the agents are saying, take your payoff amount, add any amount that you want to walk away with, then divide by .92. The result is what you need to sell the house for. Example, if you owe $150,000, and you want to take out $50,000, then divide $200,000 by .92 to give $218,000. So you would need to put the home on the market for $218,000. The CMA will tell if that number is realistic. If you are too high for the local market, reduce your $50,000. If you are too low, you can either sell very quickly because you are below market) or raise your $50,000. And be prepared to split that with Mr. Wonderful.
If you are underwater, seek help from a financial specialist. You have 5 options: stay there until prices rise, ask your bank for a short sale, do a deed in lieu of foreclosure, or go in to foreclosure. All but the first will negatively impact your credit history for a number of years. Good luck!
It might be an option, in places where housing is cheaper, but out here-it is killer. Imagine your accountant looking at you, next year, and explaining..."Yes, you DO owe taxes on that 150k short sale...about 33k extra, on top of what you already owed..."
Not a pleasant surprise.