Updated about 7 years ago on . Most recent reply
My home is in forclosure and I'm in a divorce - please help
Due to divorce and other factors - my home is $119,000 past due with about $15,400 in back escrow fees, the mortgage is $4200 and could be re-instated - wife does not want to sell it to me, even though I would like to keep it
anyone have any ideas on how I can come to end of this problem home? Ideally, I want to keep the home, I'm open to ideas on how to save or sell the home - please be nice as this is not an ideal situation so I'm looking for a way forward, I know I screwed up, I'm looking for some help
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- East Wenatchee, WA
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
Its hard to just see a home as a business transaction, but really, it's just a box people sleep in. You will always have your good memories there.
Most of the time it's best to sell and start fresh, especially with a divorce. What is the estimated FMV? Coming up with $134k plus potential future drama sounds rough. Hopefully that is still enough equity to sell conventionally? Short sales are no fun. I'd vote to sell either way. Best wishes to you.