sure she can! if she is RESPONSIBLE, secure financially, and doesn`t have bad spending habits!

3 million dollars

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House has both husband and wife on deed. husband has mortgage solely in his name and credit. few months ago husband refinanced house for a larger amount to pay down debts. wife then moved out of the house into an apartment of her own and filed for a divorce. wife doesn't have income or creditworthiness to refinance or pay for house. husband wants to remain living in home and continue to pay mortgage. house appraisal value is the same dollar amount as the loan/mortgage amount. wife wants her share of equity out of the house. does she have any "leg to stand on" so to speak and what could one reasonably expect her to "get" out of this house? how does a judge divide equity in a house that doesn't have any? buy out doesn't seem an option because loan is already soley in husband's name. husband doesn't want to sell property. there is a pre-payoff penalty on mortgage. is wife responsible for half of this penalty? how someone thinks the wife who left, no longer lived in the home, no longer payed for it, did not contribute to the maintenance or upkeep to the home nor it’s appreciation in the years following the divorce but thinks the wife should get 50% of the future sale value

My ex husband did the same thing and I fell for it! It is a common ploy to make sure wife gets nothing. It *seems* logical, doesn't it? There is nothing for her to get so she doesn't push for anything. Yes. she has a "leg to stand on." She needs a *good* attorney. At a *minimum*, she should ask for 50% of the future sale of the property. (Are you *sure* she is still on the deed? Or, did he trick her into signing off the deed when he re-mortgaged?) Also, she can ask for a settlement or payments. The wife *should* get her share of the equity of the house and it is most likely that the judge will support this request. Just because the husband doesn't have the money doesn't mean he doesn't owe her the money! Get a *good* attorney! ADDED: You don't get it. She could ask that she get the house and *you* keep paying for it! And, if she has *any* good reason for leaving to bring before the judge (Like physical abuse, financial irresponsibility, emotional distancing, etc.) she would get it! So... 50% of future equity is *better* for you than her getting *100%* of future equity! Right? Not so crazy!

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Hi. i bought a house last year and i currently owe 47,121 dollars on it. i am 22 years old. i am a waitress. at my job we can work as many hours as we like (if i wanted to work 70hrs a week, i could!). i feel that if i worked hard enough i could make well over 30,000-- the only reason why i didnt, i feel, is because i took some time off. my mortgage payment is 415 a month and i have no car payment or kids. at my job i could easily make 100 dollars a day if not more. should i dedicate a year and half or two years to trying to pay my house off before returning to school? what would you do? i am afraid of going to school, stressing about school and then of course being responsible for my house-- though its a small payment, you never know what may happen.

You can always go to school part time, and still keep up with your house payments. Home loans these days areas close to free money as you are ever going to get. So you can consider paying off the house, which is financed at a probably very low rate, or investing in yourself with an education. But what lies at the end of that education? Are you looking for a much higher paying job? If you think that your long term finances are going to be enhanced, then head back to school. But if you are not sure what you want to do or are looking at a degree which is not really going to help you out, then staying where you are and focusing on paying off the house may be a better option.

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July 2007 my girlfriend & i bought a house together. i paid the full downpayment & fees required to get the house, she paid zero dollars. she is listed on the mortgage & the title as joint tennants. 2 month later sept 2007, she dumps me & moves out, of her own free will. for the two months she lived in the house she paid $300.00 per month towards the mortgage & utilities etc.., total of $600.00, the mortgage payment is $1340.00. it is now 4-5 months since she left & she is now attempting to move back in, & bring several friends with her, as she wants me to sell the house, & i refuse to sell it as i have $30,000 invested into it. i have been told legally i have to let here in the house, which is fine, but does she have anyright to move a bunch of people in to attempt to pressure me into selling? my understanding is, she can live there as long as she pays half of the bills, but we both would have to agree to subrent a room out & her friends cannot live there unless i agree to it. ha ha funny guy, that was a typo

If you took out a mortgage on your girlfriend, no wonder she's an ex. Out of curiousity, how much did you get? I have a couple of coworkers that I'd love to get repo'd.

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I live in canada, and am going to apply for a mortgage soon, i found a house and i just want to know if anyone thinks i would qualify for a 90,000 dollar mortgage. ive lived in an apartment for 3 years now, i pay 550 a month, i have two credit cards, one is at about half the limit and the other one is about 100 dollars less then my 3000 dollar debt. i work full time and make 18 dollars an hour

Formula for DTI calculation (debt to income) divide monthly debt payments by your monthly income. If your below 50% you shouldn't have an issue however there will be other criteria that the underwriter will review to make sure you qualify. (assets, credit, title, appraisal, ect...) Looks like you should be ok just based on income.

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I seperated and then divorced my husband three years ago. we got court orders done to have share custody of our son. so he has him for a week and then i have him for a week, which was fine before he started school but is no longer suitable. my main issue is , although we have 50/50 care, my ex still has to pay me maintenence thru the child support agency as he earns more mony than me. but i have now got proof ( have acsess to his email) that he is earning nearly 3 times the ammount that his tax return shows. let me also add here, that at the time of seperating. he went and lived with his parents and i stayed in the marital home, payed for the house loan and the buisness loan with my dads help. i didnt have the emotional strength to fight for the house and buisness, so he gave me $65 k and he got the half million dollar house and 200 k buisness. the money i got from him went straight to my father for paying our mortgage for us while we organised our divorce. so, what do i do now. take him to court to try and get more money off him now that i have proof that he has been getting alot more or struggle thru knowing he is a cheat and my son suffering because of his lies.

In regards to your questions regarding child support. CSA Australia has an option to apply for a variation to your child support assessment under special circumstances. This is called a change of assessment. You need to apply under Reason 8 which is for earning capacity. The process involved is an application which he can choose to apply to and then based on information both parents provide and third party details (ATO, employer details etc), CSA make a decision whether or not the current assessment is fair and equitable. CSA implemented this process to protect children from the parents ensuring that they are looked after adequately. For example, if the paying parent is a doctor but prefers to sit on unemployment to avoid paying child support, CSA would deem that parent as making a lifestyle choice to neglect responsibilities and base the assessment on the amount Doctor's would usually earn, even if they don't. You don't need to apply to court or hire a solicitor etc. This application is free of charge. All you need to do is contact CSA to discuss a change of assessment application and provide a brief explanation of the issues involved. They will then inform you of eligibility to apply. In regards to the house / property settlement, if you have already settled about the value of assets earned during your marriage, you may have a lengthy, difficult and expensive fight ahead of you. I would definitely be speaking with a family law solicitor regarding your chances. I think that you have to think first about whether fighting for more money now is worth your mental health. It is a very stressful, frustrating, depressing process. One that you may not win.

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How can i sell my half to my brother without getting screwed, regarding capitol gains taxes? it's not my primary residence. it's a $300,000 dollar property with $60,000 left on the mortgage. what would you do?

My guess is that you are not looking for advice on what to do but rather information as to the consequences. First of all without reading the trust I am speculating but here goes. The basis for the property is the Fair Market Value of the property on the date of death of the person from whom you inherited it. So the $60,000 has no bearing on the taxable gain. If on the date of death you have a certified appraisal that the property was valued at $300,000 and you sell it for $300,000 there is $0 (zero) taxable gain. Your brother, under those circumstances, could write you a check for $120,000 and it is tax free to you. There could even be some cost of sales that would be a loss to you. It makes no difference to you, where your brother gets the money the $120,000 (unless it is illegal, in which case you would have the expense of visiting him in jail). Talk to a tax professional in you area that has handled a few of these and he will set you on the right path.

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How can i sell my half to my brother without getting screwed, regarding capitol gains taxes? it's not my primary residence. it's a $300,000 dollar property with $60,000 left on the mortgage. what would you do?

The mortgage is not relevant for taxes. You need to know your tax basis in the property. Normally, property received by inheritance is valued at the time of death to determine basis. This means you should not have a capital gain. You said the house is "in trust". If this is true, neither you or your brother own the house, the trust does. Your ability to "cash out" is determined by the terms of the trust and the decision of the trustee. You need to consult and attorney who needs to read the trust documents.

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I'm in my mid 20's. i have a pretty good paying job. however, i'm stilling living with my parents. in the past couple years, i've been pricing real estate. bye the way i live in philly. i ghetto, crapy, semi-dirty homes going for ninety , one hundred , one hundred and ten thousand dollars. not to mention half decent houses for the high hundreds. i'm like "damm i have a good job and i can't affrod the half decent houses. what the f" i figure the mortage (w/ property taxes and homeowners) are over a thousand dollars. how are people paying these prices? i don't want to even imagine a mortgage on a haf decent house. do i have to make a doctors salary to live in a half decent neiborhood now? wtf. also a few years ago you can afford a decent house on one person with a good job. now you need two people with good jobs to buy a half-decent house? wtf. how is this possible? i understand the idea behind supply and demand. my big question in why are people paying these ridiculous prices for these dumps. i'm assuming mortgages payments are 1500 ,1600 dollars for these almost ghetto houses. i understand interest rates attract many people. however, how do these low attract people when people start selling houses at a higher prices when the rates are low. about 14 years the average mortgage was around ten percent. my home that my dad purchased was around 80 thousand. now it's 180 thousand and the average rate is 6 percent. i know there is 2% inflation but that does't make up for the rapid increase . i

I live in Seattle, and you cannot touch a home find a home two bedrooms for under $225,000 in the city even in the bad areas. The only way one can afford a house is to possibly buy one with a partner, or a duplex or triplex out and then rent those additional units out. Even the price of Condos' are increasing...and what follows this are the rents for apartments. I sold my house three years ago and moved into an apartment in downtown close to the market. I was paying $1,800 a month for it, and it only had a small view of the water. Finally with interest rates going low, I decided to buy a condo. I heard the prices of homes increase about $1,500-3,000 a year. What I see on the horizon would be: Loans with no money going towards the principle...just paying off the interest. Loans extending over 30 years to 40-50 year loans. It is the only way that a family with a modest income could afford a house. Twenty years ago...on Mercer Island, the 150,000 dollar homes are now the One million dollar homes! Think about that....How will the children ever afford housing?

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My mom jut got approved for half a million dollars for a mortgage yesterday. she has a great credit score and im going to ask her how too. but how do you get a good credit score? how does one begin it? seems like we are just a # but i want a house so whatever. also, does it change from day to day? why?

This should help you to understand how credit scores work.. FICO scores from 300 to 850 and Vantage scores from 501 to 990. Here is the breakdown for both systems. Vantage Plus system scores from 501-990. A-901-990 B-801-900 C-701-800 D-601-700 F-501-600 FICO system scores from 300-850. Elite-740-& up Prime-700-739 Preferred-660-699 Standard-625-659 Sub-prime-624-& under FICO is the only one that matters since it's the one that all major lenders look at. So as you can see it depends on if your looking at a true FICO score or a Vantage plus score. As far as what makes up credit scores it's the following; 1. Payment history (longer the better) 35% 2. Time in bureau (longer the better) 15% 3. Types of credit (mix of credit cards & installment loans) 10% 4. New credit (new accounts and inquiries) 10% 5. Debt to credit ratio (lower the better) 30% And just so you will know Experian only uses Vantage, Equifax only uses FICO and Transunion uses both depending of which type of credit report is requested of which there are 3. The standard that people get from the Internet, the auto enhanced which only car dealers and lenders see and the factual which only mortgage people see. The last two are not available to the general public. To have the very best score and profile people need 3-4 credit card accounts (revolving) with balances below 30% of their credit limits and 2 cars, homes, boats, motorcycles, computers, furniture or personal accounts (installment) all with good long payment history's. Add to this that unless you get your scores either direct from either Equifax or myfico.com your getting what's called a FAKO score which makes it even worse because they all have their own system to calculate scores. Credit scores are based on the last 24-months of activity not 12 as previously stated. And they can change daily depending on what information has been submitted by your creditors.