Foreclosure that doesn't have to happen

[jlrhcp]

What is the name of your state?

Michigan


My ex-husband and I have/had a very nice home together. According to our divorce, he agreed to live in the home until sold with my assistance paying the mortgage. No specific money amounts / percentages were mentioned in writing in our divorce paperwork. Our house has been on the market over 1 year (the real estate market in MI is horrible). We both work for the same company. Our company relocated us about 1 1/2 hours south of our home. Since I live closer to the corporate office, they gave me a gas card. They rented him an apartment, being sympathetic to our house selling dilema.

We both continue to make the same money we always have, but now suddenly he's tired of paying the mortgage payment because the real estate market in Michigan is so horrible, that he sees no light at the end of the tunnel. IMO that doesn't mean you just stop paying, especially if your income allows you to pay it. He just paid off his vehicle which put an extra $500 in his pocket each month. However, since he decided not to pay the mortgage anymore, he went right out and purchased a new vehicle, knowing that the foreclosure would mess up his credit and make it difficult for him to purchase a vehicle in the coming years.

He's contacted our mortgage company who basically told us too bad for us!!!! We were going to try to negotiate some sort of payment arrangement until the house sells. We figured they'd be happier with something as opposed to yet another foreclosed upon home. I guess we were wrong.

I dislike the timing of his decision not to pay the mortgage anymore. He's met a wealthy woman down south who owns two homes. What does he care if his credit goes down the toilet?? He's already planning on relocating down there to be with her and he's got his new vehicle.

Do I have any recourse? He's voluntarily not paying something he can afford to pay - and, that being the case, he's voluntarily leaving a job that allows him to pay this bill in lieu of a lesser paying position elsewhere.

[lcannister]

Do I have any recourse?

Yes ask him to quit claim the property to you (he would be a fool but who knows) and then rent it out until you can get it sold. Lower the price to meet the current market circumstances and get rid of it.

Pay the payments yourself and refi to your name. There are steps between these suggestion like see your divorce Atty.