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Posted by Moving on on May 11, 2008 at 20:58:43:

I am going thru a divorce... moved out Jan07... ex payed on house... I am court order to pay in addition to support $235/mo in mortgage assistance.
Feb she has car accident and totals car.. now $8,300 in escrow.

main mortage owe 60,000 payment 600/mo 15yr remain
equity loan 33,000 370/mo thru a diff lender made 3yrs ago.

she moved out and didn't tell me after car crash and didn;t tell me till later she also stopped paying both loans. I just dropped 3,000 to get both current.
now the house needs work... paint carpet, landscape. to try and sell... still would end up backwards on loan.

Should I use the 8,000 to "fix" the house up... or walk away... I cannot afford to continue a grand a month.

PA is where we are. and what would happen to the equity loan? Do I still end up paying on that?
Is it worth the time and expense to try and not lose as much? sorry if ramble... I am scared and this is all very new to me.. Thanks much in advance

Follow Ups:

• Re: Flip or walk (url) - Mary Supinger 03:37:44 06/14/08 (0)
• Re: Flip or walk (url) - NJD 06:05:46 05/12/08 (1)
  • Re: Flip or walk (url) - Mary Supinger 03:33:47 06/12/08 (0)

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