I doesn`t matter if you break 3 years later or 6 month before the term ends. You will pay the same mortgage penalty, 3 month mortgage interest or Interest Rate Deferential penalty.

A little clarification to mortgagepro`s comment. It is true that you will pay a penalty regardless of the months remaining but the penalty could be drastically different between a 3 year and 3 month remaining term. There are 2 calculations that the banks use for penalties. 3 months interest calculation and Interest Rate Differential IRD. If the conditions are right 3 months penalty for 3yr or 3month term should be close. If the conditions are such that an IRD will be used to calculate your penalty then you are looking at a huge difference in penalty. Talk to your bank and they will calculate the costs involved for you. My suggestion is to consider a port of your mortgage. A port is where you move the mortgage term rate and balance to the new property with no penalties. You can straight port it (no change in any mortgage particulars). You can port increase where you need more money (term remains the same, higher mortgage amount and the rate is blended with todays rate). Or do a port reduction (same term, same rate, smaller mortgage amount required for new house, some penalty may apply but much less than a complete break). One last thing I should mention. Once you bank gives you your options please contact a Mortgage Agent to do some further calculations for you. Many people have benefited from switching to a new bank for their new home. This is especially true today where rates are much lower than any mortgage started over 2 years ago. In the end what you end up doing with your mortgage must depend on how much money you will save going forward. That should be your #1 priority, mortgages are very expensive over time, you have to find ways to minimize your costs. I would be happy to consult with you if you have any questions. Abraham Niyazi - Mortgage Agent - Lic#M08010640 - Centum One FInancial Corp - Lic 10758. Cell: 416-993-4082 Toll Free: 1-866-728-3708 http://www.centum.ca/abraham_niyazi/ I deal with 25 Banks/Lenders and can do mortgages across Canada except Quebec.

No, you will not encounter any penalties if you switch from your current variable rate to a 5 year fixed rate with the same bank in Canada. The banks want you locked in to collect the interest and to have you as a long term client.

Powered by

My father-in-law and my mothe-inlaw are staying with us for 5 years. i don't want them to live with us because of a lot of reasons. first, they started to move in my house last five year ago. my wife told me that they were going to stay with us for a few months. however,they didn't move out. they came from third world country and they live in my house as if they live in the third world country. they don't understand how to live in the united states. they picked up a lot of stuffs on the street that some people threw away, and brought back to my house. they are really messy and their room is like a garbage. they threw away the garbage wherever they want to. they messed up my dining room, living room, etc. they spit their saliva wherever they want to around the house (on the carpet, etc). i don't really like it. they never paid the rent at all for over five years. if i am rich, i don't mind. however, i am the guy who get minimum wage. i can barely pay for my own mortgage. i think they should help us out. they destroyed my very expensive electronic stuffs that i bought. they used all my stuffs and destroyed it. they don't know how to handle the electronics and other expensive stuffs. they are really messy and unorganized. now, they brought their another children( over twenty years old -two children). their children are also like them and they are from third world country. their children are illegally staying in my house(not a legal alien, so they cannot work). they don't pay for rent and for food. i don't want them to live in my house. i tried to educate them, but they don't listen. they are trying to attack me and yelling at me. i told them "please do not use my stuff if i don't allow" . they don't care what i said. they said "who cares...i used it..so what? what do you want to do? they challenge me. i lost over $2000 when my wife and i were on vacation. i put it in my bed room and locked it. nobody live in my house. only four people live in our house - my wife, my father in law, mother in law and me. as soon as i came from my vacation, i realized that something is wrong in my bedroom which i locked in. when i asked them, they said they broke into my bedroom and they called some of their friends and fixed the internet. my wife and i bought the house after we get married. of course, my wife wants to stay with their parents. i don't want to hurt my wife's feeling. i understand she really love her parents. however, nobody can understand me as my point of view. i don't want them to live with us. i tried to tell them "please rent to another apartment and move out". they don't listen. they don't care whatever i said. my wife doesn't listen. now, all i have to do is move out of my house and divorce my wife. i tried to explain million times to my wife. she didn't listen. she want to live with her parents. it is very understandable. however, i cannot understand her parents. they live in my house. they eat my food. they used my stuffs(bed, matress, pants,computer, tv, every kind of stuff) and they are yelling at me and trying to control my house. what should i do ? any suggestion. i want to do it by law . any legal advice. should i hire the lawyer? i don't want to waste my money on lawyer. i wish anybody out there who understand the law can help me out. thanks. which is the best website/forum for my problem ?

No ... no... no they cant stay ith you because you had that scruffy/messy lot for 5 years already you had money stolen before and although you treated them like family they are just filthy and nasty spitting on the carpets like gutter people, thell set your woman straight if she wants her family over that badly the legal and illegal lot she must pay for a hotel and go join them there, they cant devastate your household again that stress and pressure alone will give you migraine/high blood pressure/heart attack and im not joking as there is only so much one can take, your wife is a user she doesnt sound like a good woman at all and obviously doesnt like or respect your company alone as man and wife why she wants her living room filled with her own third world family members and for 5 years she is playing you if I were you I would be house hunting and being prepared to leave and divorce her or I would house hunt for her pack her bags call up her best friend and arrange that she lives there whilst you change the locks then you will see then where the third world family will end up and it wont be in your house. Good Luck though divorce the wife, I hope most of us on here advise you to do that so that you can see that on the outside looking in the better perspective she is the cause of all this and has little or no respect for you.

Powered by

I bought a house 2 years ago, at the peak of the market. according to zillow and rough estimates from appraisers, without an actual appraisal, i have lost over 80k on the value of my home. i have an 80/20 load and im paying interest only right now with a 6.875% on the 80 and the 20% is an arm which is down to 5.5% now. started at 10.5%. i have locked in a 4.5% fixed rate if i re-fi, and get down to 90% loan to value ratio using my va benefits. i would need 110k to be able to re-fi. this i do not have. i have not missed any payments, but on paper, my mortgage payments are about 54% of my gross monthly income. i rent out all my extra rooms to get by which helps significantly but i dont want roommates for the next 28 years. i dont know the details of this bailout nonsense and i dont even like the idea of the bailouts. however, if i can get my tax dollars to actually benefit me for the first time, i will gladly take advantage of the bailout. in three years my 80% loan is going to adjust and raise my payments significantly. it will do so every 5 years after that. i am not struggling to make my payments, but if i dont have tenants, it will be very hard to get by, especially after the adjustment. who knows what my 20% loan will go to when interest rates start going back up. do you know any more about the bailout and if it sounds like i will be eligible? please dont mistake me for one of the a-holes who bought a house with shitty credit and no income. i bought the house with a friend, not realizing the market would crash, or that 6 months of living together, we wouldnt be friends any more and i would be the one to be solely responsible for the house. i have great credit and make good money, but because i bought it with a friend with the intention on living in it for a couple years, fixing it up and selling it to at least break even rather then throw away money for rent, i now am stuck in a pretty shitty situation.

Contact your lender, ask about modification. The Obamaloans, or HASP loans require you to meet minimum debt ratio criteria and most lenders wont accept room rent as a form of income. Best bet is to call and find out but the Obamafication will not work unless you owe between 95-105% of your property's value and it looks like its depreciated further than that. There are some modification options available besides for the federally sponsored ones. Best of luck to you.

Powered by

I have a 30 year fixed at 6% on a prinicpal of 275,000. monthly payment is $1,648.76 for principal & interest. i've paid down a lot of principal in the 2.5 years i've had it, and owe about $170,000. my current payment puts $717.00 to principal, $931.00 to interest, and then we pay an extra $352.00 per month on principal (for a total monthly payment of $2,000). so the total payment going towards principal is $1,069.00 per month (and climbing). i was thinking about refinancing into a 15 year fixed at 4.875% through my same mortgage company and the closing costs and 1.25 points is $4,749.00 it would lower my payment to $1,333 per month, a savings of $315.00 per month. we were planning to keep our monthly payment of $2,000 the same, so there would be a larger difference of $667.00 per month going towards additional principal. looking at the amortization schedule, the loan would start out with $642.41 going towards pricincipal, plus the additional $667 towards principal, for a total of $1,309, with only $691.33 going towards interest. at this rate, my loan would be paid off in 9 years. if our payment is reduced by $315 per month and the cost to refi is $4,749, we would break even in 15 months. if my math is correct, as long as we stay in our house for at least another 15 months, it makes sense to refi, correct?

Yes, this would be a wise move. However I would shop around for a better rate as 4.875% on a 15 year fixed, with buying points is really not that great. I was recently offer the same rate of 4.875% on a 30 year fixed with no points through the credit union where I do all my banking. Shop around to several banks and don't forget to look at credit unions. The good news is that with over $100k of equity you will have no problem getting a loan. As long as your credit score is decent and you can show proof of your income and ability to make the payments, any bank will work with you. Congratulations it will be a great feeling to own a house outright with no payments.

Powered by

He pays about 5,000 dollars a month in support, cell phone plans for ex-wife and kids, car insurance for all. she always cries poor and tells her kids it's all dad's fault he doesn't support us. she is in massive credit debt, she lives kind of extravagantly. he is even considering holding her mortgage and signing a personal loan to consolidate her debt.we live very modestly, small house, walmart furniture and clothes, within our means. this doesn't bother me because it's not my money it's his to do as he pleases not mine i earn my own. we split our household expenses about equally, house is in his name. what i don't like is that he is on call to close the inground pool at her convenience, and fix everything that breaks around the house. if he doesn't do it immediately she yells at him. she even calls when her car breaks. i can deal with all this but a few weeks ago she left me a nasty message about how i ruined her sons life because i moved in with him. their kids are 18 and 20. i moved in a year and a half ago. i would have like for him to ask her not to involve me with the calls. he didn't do this. i know i get jelous but don't you think it's time for them to start to separate emotionally? not to mention financially? i should add he treats me and my son great, so do i have a right to be upset? thank you everyone but i think people are turning this into a money question, i'm really more upset that she controlls him. i just wanted you to know he's not a deadbet dad spends time and money with his kids.

You are not married are you......... that is a MORTAL SIN. the two of you need counseling.... to learn how to talk.... and how to be responsible.... and how not to be taken advantage of.

Powered by

My current boyfriend and i met when he was 17 and i was either 18 or 19-- i'm about 1.5 years older than him. we dated a couple of times for brief periods, once when i was 20 and he was 18, and another time he came out and lived with me in another state when i went away to college ( i was 22-23). we've been really close/best friends now for 7 years. we officially started dating again a little over a year ago (february 4th). basically at that time i told him that i couldn't do the on-and-off thing anymore between dating and friends- and that i wanted to be with him, and if he wanted to be with me we should think about taking our relationship more seriously. i told him that if we were still together in 6 months that we should move in together. 6 months into our relationship i started looking at apartments and with the housing market being in the dumps, i also started looking at condos to buy. he did not help me very much in looking for a place, but agreed that he wanted to move in with me. after a few months of really hard work and determination i bought a condo. he didn't want to buy the condo with me, he felt that a mortgage was too big of a responsibility (straight out of his mothers mouth), so he is now renting from me. he works part time and is going to school part time. he has been attending a 2-year university now for about 5 years. after he graduates, he would like to move on and go to a four year university (who knows how long that will take). in the meantime, i am working full time and make most of the money. our condo is fully furnished with things i've bought, and a lot of things we buy go on my tab. i know that he is the one for me. i love him with all of my heart. i am starting to feel pretty disappointed in our relationship, though. we've talked about getting married, and he says that he just always pictured himself done with school and settled into a nice full-time job before he took that step. well, he is obviously at least two years from finishing school, and i don't want to wait that long to get engaged. i don't mind waiting that long to get married-- getting married takes a lot of time/planning/money-- but getting engaged just takes love and commitment. he knows that i want to get engaged, i've broken down and cried about it several times. he says that he can "picture himself with me forever", and that he thinks we will get married someday. i feel disrespected. he knows that i am catholic and that i have a hard time with living together and being intimate without being in a formal relationship. please do not attack my religion in your response. i just think that if he expects everything that comes from a committed relationship (including sex, living together, shared finances, etc.)-- then he could show me the respect of committing to me. last night i was mad and started crying and he said "i feel like i don't do things right in our relationship and i don't know how to fix it until you bring it up", and i go "obviously it doesn't even matter if i bring it up, because you know i want to get engaged, or at least have a promise ring or some sort of commitment, and you don't do anything about it". basically we have a great relationship-- but i can't help the feel the daily disappointment of not feeling respected-- or wanted-- for that matter. advice? am i rushing him? i don't think that my life should have to be on the schedule of his ridiculously long educational pursuits-- am i wrong to think this? i support him going to school (both emotionally and financially), shouldn't he support my desire to be in a committed relationship? i would like to bring him to my family reunion this summer, but i can't if we aren't engaged, it would be unacceptable for me to introduce a boyfriend i live with to my catholic family without engagement. that's not the reason i want to get engaged, don't get me wrong, i want to get engaged because i love him and i want to feel good about our relationship. oh-- and i'm 26 now, he is 24

He is who he is. You've known him long enough to know who he is and how he acts. He is not going to change. It sounds to me as if you view him as somewhat of a a "home improvement project": that he'd be the perfect person to spend your life with if you can just "fix"/change a few things about him. Going into a relationship with someone because of the "potential" they show or because you believe that you can make them change is a guarantee of heartbreak. There is no force in the world powerful enough to make a person change if they themselves don't want to change. The only person who you can surely and absolutely change is yourself. It seems to me that you've given in to this guy in every aspect of your relationship. You don't feel comfortable living with someone outside of marriage, but you moved in with him. You're basically supporting the relationship. He knows what you want from him-- a commitment, formal and public-- and he won't give it to you. Do you really think that you're going to find a magic formula to somehow make him give to you the things he doesn't seem to want to give at all, in spite of seeing/knowing how much it hurts you to not have them? It's striking to me that you and this guy have broken up before. Obviously the things that caused you to break up are still present in the relationship. It's a truism that I've observed, that most people know more about their relationships with the people they love than they are willing to admit. I think this is obvious in your case. You know what you want, and you know you are not going to get it from this guy. But for some reason, you're afraid to take the obvious next step: break up with him for good and move on, trying to find what you want with someone else. As long as you won't let go of this guy, you will never get what you want, because he won't give it to you and staying with him keeps you from finding another guy who might be better for you. Are you afraid, really and truly, that if you break up with this guy no one else will want you? That you'll be alone? Until you understand that you're better off alone than in a relationship with the wrong person for the wrong reasons, you're stuck. If you can't make up your mind yourself, then maybe you should go to a counselor to try to understand why you are stuck in a relationship with someone who won't give you what you want, but you won't let go of. Good luck.

Powered by

I am hoping to get different views, suggestions and answers from all of you. my boyfriend/fianace of 2.5 years moved out a week ago while i was at work. he is 49 and i am 39. we did have an argument the day before inregards to him doing some work at his exes new house. i didn't agree. although, i know they will not get back together. i met this man 2.5 years ago, after our first date, he said he wanted to do it agian and really enjoyed it. i didn't hear from him for a week. a family member informed me that he was trying to work it out with his ex-gf. she already had an ex move in with her and then he wanted to date me again. he admitted this to me. i am an independant, successful, mother of two. i was living in a rental home when we started to date. three months after dating he was going to lose him home, so he had to rent it out. i didn't ask him to move in with me, d/t my young children and i wasn't sure how i felt about him at that point. well, he ended up slididng himself into recidancy of my home. i had a hard time dealing with it at the time. i bought a house less than a year of dating, he moved in with us. he helped out with the remodeling of this new home. which i appreciated and felt like we were makin it our home. he didn't feel that way, he felt like it was my home. well, it kinda is, d/t he only had a job for 6 months of our relationship and collected unemployment or no income most of the relationship. therefore, he didn't help with any expenses of the home, including mortgage, utilities, food, and other necessities. i began to feel like i was being used, so i questioned him. he denied it and said all his work in the house was payment. which okay, i agree to a point, although, since we were engaged, shouldn't it have been done out of love and for our future? in the past two weeks he has broke it off with me, without saying good bye to my children who adored him, and his job. job first, then the rest to follow. he moved in with a guy friend, how long do you think that guy will support him? he doesn't have enough money to live on his own. its been a little over a week and i have only got two text from him, asking when he could get the rest of his stuff. (at odd hours-like bar time). i picked up the phone and reassured him he could get his stuff after my children went to their dads, but not in front of them. which previously he threatend to move out, always ended up staying after we talked. why do guys run over simple stuff? especially when he had it made. when speaking to him only once, he said he loved me and loved me alot, but wasn't sure if it it was the right kind of love to fix our problems. i decided i am not going to just let him go, like i do most people that walk out of my life. i have never given it my all, but because i love, adored and appreciated everything he had to offer. i didn't want to feel guilty that i didn't give it my all. i sent him a txt, telling him how much we loved him and wanted him to come home. his response was "i wish it was that easy, really do care about you and the kids". i did not respond and he hasn't txt or called in 3 days. okay here is my questions, do men miss what they had when they are gone? do they hurt like we do? how long does it take for him to realize life wasn't so bad? will he come back? and what's my next move? thank you

Do men miss what they had when they are gone? I believe it depends. If he has another woman..than no he won't miss what they had because they have something new. If he's real stressed, then that will help him not miss it either. Do they hurt like we do? Sweety at 39 years old, you should really know that men and woman are completley different. In the way we feel, the way we think, we are just made differently. They do feel, in their own way. But woman are more emotional, so we feel things deeper. Before I answer your 3rd question, do you really want him back? He was living a good life, where you were doing everything and he was chillen. You paying the bills, i'm sure cleaning the house, taking care of the kids...a mean a womans job is never done at home. All the while he was in and out of work. Not providing for the bills. Just fixing things here and there around the house. I could only imagine how annoying that is to have a man living there, that you didn't invite yourself, but rolled with it, and then not doing anything to help build your future and move foward. It's like having another kid in the house. Then for him to leave with out even saying anything to you or the kids that have grown to love him and have him apart of their lives. Why would you want back right now? Being in a relationship takes alot of work, especially when you share a home. He's running away from all of that. What kind of man does that? Sweety I think your better off with out him. You were fine taking care of you and the kids before him, and you'll be fine now too. Unless he's willing to change and work on the relationship and on himself as an individual and work on his flaws...that's different. But it doesn't sound like he's on that level right now either. So if i were you i would move on. Your next move is to keep it moving. When the kids are with their father, allow him to pick up the rest of his belongings and cut that string. When he's ready to talk, he will. You can rush a man into talking about what he's feeling. That's something that we as women, sometimes have to wait on and sometimes never get to hear. So you can't push that, because he'll never talk about it, and if he decides to just keep it moving himself, then that was a blessing in disguise for you and your children. You want a good man in your life, a partner, not another dependent. Good luck!

Powered by

My husband bought our home before we were married back in 2005 when everyone was telling us to ‘hurry up and buy!” over the years our payments went up, the first time was because when we refinanced with countrywide they made a ‘mistake’ on our escrow payment and the other two were interest rate increases. our payments got too high so we entered a forbearance program. the program was for a limited time and after it ended we continued to struggle. counrtywide had no options for us so we just paid what we could, usually about half of our mortgage. most people would have stopped paying and saved their money but we were trying to show effort (dumb). we started getting foreclosure notices and prepared for the inevitable. we talked to a number of professionals and it seemed we had no options. after receiving a slew of foreclosure notices we lined up a rental, made or security deposits and signed a lease. this week, we packed up our entire home, we even let our friend come dig up the plants and trees we had put in over the years. yesterday, countrywide calls us, due to the bail out they can offer us help now…..argh! i should be excited but what am i supposed to do now? they want to see if we qualify for a hud loan. is a hud loan worth it? what if after 5 years we go to sell and there is a small to no profit? what if after giving them the 50% we are not left with enough to buy again? would it be better to rent for substantially less and save during those five years? i feel like we have continued to do the right thing but kept getting screwed. now i am scared to follow up on this option and i feel helpless. we put a lot of money into this fixer upper and it breaks my heart to let it go but is it worth it to keep holding on? at this point what am i holding onto? the house is worth less now all fixed up then what we paid for it in an unlivable state. what would you do?

HUD does not lend money, so whoever you are talking it, it is the wrong person. It sounds like when you "trying to do the right thing" you screwed up and got yourself an ARM loan. The "right" loan for a homeowner is a fixed on.

Powered by

I want to keep some of the money i will be paying in taxes while working as an expat. i'm aware of the 91400 i will be able to claim after in finished. even though i will get this exemption i will still have to pay a lot of us taxes. im new to the contracting business this is my first gig i just got out of the army a few months ago. how do i get tax exemptions so i can get this money back. what do i need to spend on that will help later on after i get home? what kind of documents do i need to prove work related expenses? here is a little about where my wife and i are financially: were both 27yo no children my wife has 401k with 14000 in it shes cashing it out to pay off our car loan and fix our house. i just started mine and have about 700 my wife and i have a house/ mortgage our loan was for 96000 30year 5.7% we pay roughly 900 per month this number includes 250 per month in escrow. my wife just quit her job she was making 48000 a year before taxes she is now a full time student at a university back home. we have one car loan with chase with roughly 10000 left on it we pay about 330 per month the beginning principal was 21000 with 5 down since jan 2008 i had alot of work related expenses before i left for afghanistan but my company and us govt paid me back for all of it plus several thousand more than my actual cost (milage, perdiem,ect) while here in afg my company sent me to a remote area with other than us forces and no phone access only internet, i purchased my own equipment for internet and voip to call my family i spent 3000 out of my pocket for the equipment and 1450 a month for bandwidth. my wife has student loan debts totaling 12000 our house is in rough shape i have to spend 40000 this next year to reside roof and replace windows and doors and utilities and fix a broken sewer line in the basement(previous owners did not disclose) what common exemptions can i use to get some of the money im making back? and how do tax exemptions work? any help would be great. like said im not trying to evade taxes just avoid them. my goal for this next year is to pay off my home loan fix my house and support my wife while she goes to school. after i get home next may 2011 im going back to school with my wife also. any help would be much appreciated, please let me know if i need any additional info if anyone can help or if what i asked does not make sense. thanks zack

Your post is long with too many issues. Professionals deserve to get paid for this level of info. 1. Start by reading IRS pub 54. You mention that you get back next May. WHEN EXACTLY did you leave? Even if you qualify for form 2555, you will only have 5 months in 2011. 5/12ths of $91,400 is NOT $91,400. If you first arrived in Afghanistan as a contractor July 2010, you won't have your 330 full days in another country.... (Hint, make the days and vacation in Paris--fly the wife in.) 2. Next do a mock tax return with what you think you will make with and without the form 2555. 3. Be advised that any taxable income over and above the exclusion, itemized deductions and personal exemptions are taxed at where-ever the exclusion left off. Exclude the entire $91,400 and you are easily starting in the 25% tax bracket. 4. Next look at pub 505. You don't need to owe estimated tax penalties as well (note, if you can legitimately say you are in Iraq/Afghanistan in support of the troops--which is different from general contracting--you can qualify for the combat zone EXTENSION. 5. Reimbursements in excess of cost *are* taxable income to you. Your should verify that you had an accountable plan and the mileage/per diems were a fluke. (Mileage is a lot of depreciation so you are eating in to your car's life even if you don't see the cost now.) If you are on an non-accountable plan (no expense reports is a dead giveaway), the entire amount will be added to your wages. 6. VOIP access is still personal, non-deductible. I'd have coughed up the money too, but you can't deduct it. 7. New roof, new windows, new sewer, etc are added to your cost basis. This only makes a difference when you sell and are calculating your gain. Since you can exclude $500K, i won't usually make a bit of difference.

Powered by

I am a nanny for my daughter and son-in-law. they both work. they have four children ages 5, 4, 2,2. i live with them during the week and drive back home on the weekends. i leave on friday evening and come back sunday evening. during the week i am up sometimes by 8 or 8:15, my daughter wants me to fix my 5 year old grandson's breakfast and see him off to school(by reading to him/having prayer with him) his bus comes at 8:50 in the mornings. then as soon as he is off the other 3 want to get up and eat. routine starts with taking the boy that just turned 2 to the bathroom, then having the next boy that will be 3 this month go to the bathroom , while i have the 4 year old girl go downstairs to the restroom

WoW!!! You do alot for them. I hope they are greatful. Is there a reason why you live so far away from them? It seems to me it would make sence for you to move closer so when they get home you could go home and have time to yourself in the evenings. It would make alot of sence for them to buy a mother/daughter type of house so you could be there but go to your own space when your daughter gets home. These are your grandkids..not your kids. It is so nice of you to help as much as you do. You are a babysitter and housekeeper. If you were to move closer and either get your own home, or they buy a home with an apartment attached it would give you more freedom and they will get more time to spend as a family during the week. You deserve a life and I'm sure when your daughter gets home you would love to go "home", relax, take a bath, watch tv, meet up with friends. You have a home you only live in 8 days a week. You have to pay for it the whole month, if you dont have a mortgage or rent you still have to pay utilities and taxes. Is that worth it to you. I am sorry but it sounds like you have given up your life to take care of your daughters kids which is so kind of you. I think it is unfair of them to expect you to get paid less so they can buy a house. I guess accepting the lower pay would depend on your financial situation. Do you need the money? if you do then tell them the truth...you cant afford to get paid less. Or...do you really want to be in the situation you are in. Since you are asking...i think you dont think you should be paid less..so you should tell them how much you need to be paid take it or leave it(in a nice way)

Powered by

This is my first time but i need to talk to someone. my husband and i got married over 2 years ago now. within these last 2 years his brother has borrowed over $27000 and has not paid a cent back. the worse part is that if we would not have lent him the money we would have had big hits on our credit. maybe 5 years ago he had talked my husband into using his credit for a large purchase that was supposed to have a nice return. he couldn't use his own credit because it wasn't strong enough for the amount he was looking to borrow (go figure.) my husbands brother was to take care of paying off the loan and seemed to have no problem taking on the responsibility. he had done everything in my husbands name but all the contact info was his. so 2 years ago we pulled a credit history report and found multiple hits against this loan, my brother in law never mentioned to us that he was not always making the payments. now after 2 years our credit went from perfect to bad, we've had to pay multiple payments against this loan and my brother in law ran up a tab with us that we can't even believe. we are now sacraficing starting a family that we so looked forward to doing, investing in a business that we had planned to invest in and having savings in the bank which we should have because we both work hard all due to his brother stripping us of our money and killing our credit. the kicker is that my brother in laws wife doesn't even work but they have a 6 yr old boy and now a new baby on the way. i'm affraid my husband does not know where to go from here and what to do esspecially cuz it's family and i feel like my hard earned money is going twards building my brothers family. we cant even sell the investment property that my brother in law bought in my husbands name so we are stuck paying another mortgage every month on a property that is 10 states away. i have to take a break but let me know if you'd like to learn more about my situation to help me with a way to fix this all.

how horrible of your brother in law to do this and you must now even if family do what someone who is not family must do. Remember he didn't treat your family properly and now it's payback time legally. You take him to court and sew him for everything he did and make him sell the property........ it can be done legally and get an attorney that will tke the case and get his payback when settled . Sue him for mental distress and emotional suffering. Cancel all accounts that he can get his hands on and have everything in your name now. Therefore all the co signing can't get him a penny anymore. It's a shame things had to get to this but lets face it , some people have no respect for another person and using anyone, even family has no effect to them. Please contact Legal Aid and see if you can get a lawyer and go on the internet denouncing any legal responsibility for this person. Make sure its legal from a lawyer and I wish you all the best. Simplyshy