2 homes one may forclose!! can i lose my other house?

Posted by Pat on November 20, 2002 at 18:50:17:

Ok, as short as I can put this... my wife and I purchased a condo 6 years ago. After a year, it was damaged by water and defects in building. I have been in a lawsuit for 5 years with the builder and association for this property. It is not looking good; no one wants to admit blame and my in-laws have been paying the mortgage for 4 years now because my wife and I had to move into an apartment. This mater has destroyed our marriage and we have been divorced for a year or so now. I since have moved on and have a new house and a new car and my ex-in-laws are pissed that im doing good. They say that as of January they will no longer pay for the condo. This case has been going on for to long and no good end is in sight. The amount owed on the condo is 62,000.00 it is valued at 120,000.00 my question is that in January I can not afford to pay this mortgage on the condo. My ex has to pay half. But I cannot afford my half with my child support payments my new home and car. If I foreclose on the condo can they take my new home and car away from me??!!! In addition, even though there is nothing in writing my ex in-laws may sue me for the money they have been paying for this condo for the past 4 years. I never told them they would get it back or what the out come of this case would be. Can they sue me and take my house or car because they want that money back??!!! I know this is long but there is no end to this and I feel like I will never win. All I want is to get this property of my back and move on with my life!!! HELP. By the way the property is in Hoffman Estates Illinois.

Follow Ups:

• Re: 2 homes one may forclose!! can i lose my other house? - Brian 13:46:28 12/10/03 (0)
• Re: 2 homes one may forclose!! can i lose my other house? - Lori 03:21:00 11/21/02 (0)
• was none of this covered in your divorce decree? - tinaj 22:30:17 11/20/02 (3)
  • Re: was none of this covered in your divorce decree? - Pat 12:48:07 11/21/02 (1)
    • I'm not judging you - just trying to add a little levity. - tinaj 16:11:13 11/21/02 (0)
  • Re: was none of this covered in your divorce decree? - Pat 12:16:05 11/21/02 (0)
• The true test of Masculinity - K. Lysik 21:22:15 11/20/02 (2)
  • Re: The true test of Masculinity - pat 12:43:18 11/21/02 (1)
    • Re: The true test of Masculinity - ucla_alum 19:56:10 12/04/02 (0)

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: Ok, as short as I can put this... my wife and I purchased a condo 6 years ago. After a year, it was damaged by water and defects in building. I have been in a lawsuit for 5 years with the builder and association for this property. It is not looking good; no one wants to admit blame and my in-laws have been paying the mortgage for 4 years now because my wife and I had to move into an apartment. This mater has destroyed our marriage and we have been divorced for a year or so now. I since have moved on and have a new house and a new car and my ex-in-laws are pissed that im doing good. They say that as of January they will no longer pay for the condo. This case has been going on for to long and no good end is in sight. The amount owed on the condo is 62,000.00 it is valued at 120,000.00 my question is that in January I can not afford to pay this mortgage on the condo. My ex has to pay half. But I cannot afford my half with my child support payments my new home and car. If I foreclose on the condo can they take my new home and car away from me??!!! In addition, even though there is nothing in writing my ex in-laws may sue me for the money they have been paying for this condo for the past 4 years. I never told them they would get it back or what the out come of this case would be. Can they sue me and take my house or car because they want that money back??!!! I know this is long but there is no end to this and I feel like I will never win. All I want is to get this property of my back and move on with my life!!! HELP. By the way the property is in Hoffman Estates Illinois.


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