He moved and wont pay his part of the mortgage now the house is going into foreclosure, damaging my credit?


Question:
we are tenants in common, we have own the house for 4 years, he has been cheating on me for a long time, I want out of the realtionship and he does not. he is mad, now he wants his money back that he put into the house and the car and he has taken the rv and moved it somewhere and is living in it. he wont pay any of the mortgage and i cant keep up the the payments and the house is going into foreclosure. what do i do about my credit getting damaged and him wanting his money back.

Answer:
Sell the house as fast as you can.
I hate to tell you this but if you don't get a lawyer you are going to regret it. Here check these links out:
American Bar Association: http://www.abanet.org/about/ or http://www.abanet.org/statelocal/home.ht...
Free legal aid search for all states: http://www.lawhelp.org/
Buena Suerte
If it is so bad that it is almost nearing foreclosure, it is too late to do anything about your credit. The best thing to do is sell the house as soon as you can, for as much as you can, and pay off the remaining balance on the mortage. You can try to take him to court, to get the money he owes for the house, but that will depend if the house is jointly in both of your names or just one of yours. I would also contact the mortage company, sometimes they can be willing to work with you to keep the home from going into foreclosure, it is worth a try, anyhow.
Good luck!
Get a roommate in there fast to help you pay his part of the mortgage- you don't want to lose your house to the lender.

If he wants his $$ back and you cannot buy him out then you must sell it.

Good Luck :)
even if you were married, it sounds like he would still be out to stick it to you.your best bet is to continue to make the mortgage payments, and try to sue later on
You can't get him off Title unless you refinance, because I'm sure he's on the loan as well... and from what you are saying you can't afford the payments, therefore you won't qualify for a refinance to get him off. If he doesn't want to lose the money he's put into it, then he should help you with the payments. If he's not willing to help, then it's his fault. Otherwise, let it go to foreclosure.
Sell the house NOW! There is too many foreclosures, way too many. If you don't, you and he will have bankruptcy on the record for the next ten years. Do whatever it takes to sell. Try this website,
You cannot sell or lease/rent out the house without his permission. You can only sell or get a loan against your own undivided interest in the property.

If you're in Southern California, contact me. I'll buy one or the both of you out.

Regards
More Related Questions & Answers...
  • What is a foreclosure bailout?
  • Foreclosures in Pinellas Park, FL?
  • FHA an option to bail out those facing foreclosure?
  • I need information on stopping a foreclosure. Can anyone help me- and no sarcastic answers please!?
  • Need help on bankruptcy and foreclosure?
  • How does a "Short Sale" affect my credit as opposed to foreclosure or continued late payments?
  • Property Tax Foreclosures Wills?
  • What is a pre-foreclosure home?
  • How can you purchase foreclosure properties?
  • What do you mean with Deed in lieu of foreclosure?
  • The questions and answers post by the user, for information only, AnswersRoom.com does not guarantee the right
    Copyright © 2007 AnswersRoom.com -   Terms of Use -   Contact us

    Hot Topic