financial troubles. need help before i make biggest mistake of my life tommorrow!i dont know what to do!?
Tags:good advice, mortgage loan, new mortgage, poor credit, seven months,
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The stream residence i live in was primarily paid for in both names, though her duped me in to switching it in to my name, during initial revelation me we were refinancing, though not revelation me his name would longer be upon a house, since of his bad credit. he had been impoverished for 3 years approx. as well as has not been contributing to a debt of 2000$, which i have been profitable for a past3 years. He not long ago got a job, as well as has been operative for 7 months, as well as has not contributed a dime to any bills in this house. He additionally lives in a diifenrent city, tighten to his brand brand brand brand new work, as well as visits scarcely each weekend. He has practical for a brand brand brand brand new debt loan for a brand brand brand brand new residence in my name, claiming which he cant request since his credit is bad. we am not ready to do htis because, he has left me to understanding with a stream house, by myself. he claims he will be diffenrent, though a shutting of a brand brand brand brand new residence will be tomorow morning, as well as i unequivocally need a little advice, greatfully assistance me!
i need copiousness of great advice!
thank you.
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Put your foot down, and say NO!!! Don’t let him do this with/to you. His poor financial decisions in the past are making it so that he has to use you to make more poor financial decisions now. Put your foot down now before you lose it and put it up his butt later.
First off only sign the papers if you are willing to make every last payment on your own.
As a Banker I don’t care who lives there I just care who is legally obligated to the loan. So he can walk away and you have to cover both house payments, or it is you that will have your credit trashed, and you that gets sued for default or foreclosure.
It sounds to me like you already know that you don’t want to do this, So don’t. It is your call, it is your credit. If you sign you are obligated, the end.
Don’t be his doormat.
Good Luck
Go to the closing, and refuse to sign off. You are in enough trouble already; you don’t need more. Indeed, unless you have money that you haven’t mentioned, keeping your present house is problematic.
Call the bank and tell them you flatly refuse to have your name and credit used. It only takes a phone call.
Let this low life get out there and earn back his credit and then he can buy YOU the new house.
Hello……………………pick up the phone!!!!!
If you got shi—- on the first house ,what in the name of Jesus would you want to sign your name on the dotted this time for?
DONT DO IT.
You can back out. He’s fraudulently using your name and credit. Even though he’s your husband, did you really want the second house? If not, speak up!
How do you know he’s not gonna stick you with the payment of the new house? He did it with the first! He’s obviously taking advantage of your good credit and money!
Please dont do it……it sounds like you need to dump this guy. Wh does he want a second house anyways??
you are a complete fool if you go through with that. things will most likely not change and you will be stuck wityh this. there is a reason his credit sucks and yours will too iof you leave it to him
He is USING you for your credit. You said everything you need to know:
1) He has not been contributing to the mortgage
2) You have been paying for the last 3 years
3) He has not contributed a dime to any bills in this house
4) He has applied for a new mortgage in your name
5) He lives in a different city
6) His credit is bad
What are you not getting about this situation?? You don’t need HIM – he needs YOU. You have all the power right now and I think you should use it. Don’t let him ruin your financial life or future – credit lasts a LOOOOONNNNGGGG time!!!!! What if you have kids? Things don’t even fall off your credit for 7 YEARS from the time you pay them off!!! Your children won’t even be able to use you as a co-signer!!!!
And unless you’re planning on renting out the other house as a real estate investment and can comfortably pay both mortgages without any problem, then you shouldn’t sign the papers.
He’s a smart boy, he’ll figure something out for his living arrangements.
Wakt up and smell the coffee! You have allowed this guy to screw you out of three years worth of mortgage payments and now he is trying to get ANOTHER mortgage that you will be paying for while HE will be living in the home rent free and banking all of HIS earnings while you phuck up your credit even more. What you should have done day ONE was refuse to enter into a contract with this man to begin with on the first house. I have seen this happen so many times with unmarried couples because they are "in love". Then one get’s screwed over. Go to the signing, and when they hand you contracts and pen to put your signature down say NO and get up and walk out. Do NOT allow this low life to talk you into coming back to the tables, tell him good by, that you hope he has a nice life but he will have to pay for this one himself and then contact a lawyer and see what you can do to get out from under the mortgage you’re paying now. If you’re gullible enough to believe his lines of bullshit then you deserve what you get. This man doesn’t give a damn about YOU, it’s the fact that you are working and can pay for his wants regardless of YOUR credit.
Don’t let him close the house in your name only because you don’t want it.
Is the new house where he lives, closer to his job? Sounds like he could be thinking that all this is good – you are both working, you will have two houses and that will eventually look good on paper.
He may have really bad money skills and you haven’t given any evidence that his money skills have gotten any better. He may think that you are an asset to the marriage because you DO have good money skills. It takes the pressure off of him.
You could tell him that yes, you’re the ‘money’ person since he keeps putting all the financial responsibility on you. You want his paycheck, then, every week, and you will give him an allowance. If he wants a money person to take all the responsibility, let him live with that!
It’s not a bad idea, if he went along with it, by the way.
You must be doing the taxes. You must know a lot about how he handles money. You probably could do a better job of handling his money (since he’s presumptuous about putting your name alone on the title of the house, be presumptuous about making the rules for how the ‘household’ money is spent.
Please tell me you at least married this guy and he’s not doing this simply because he thinks he can. I assumed you were married. If you are not, then cut this guy loose now and don’t look back.