What is the name of your state? MD
My wife and I had a separation agreement stating that we would live in the house until it was sold. Both of our names are on the mortgage and on the second mortgage. Her and her attorney stated that she would move back to MI (she wanted to) and will not pay any of the mortgage. It would be extremely tough for me to pay for the house by myself but I would not be able to do anything else... Now I do not want our credit to go down the tubes nor do I want to struggle while she is sitting at home with her folks living just fine. I looked into a reverse Mortgage and my bank does not offer it. What should I do or what would you suggest? Thank you!!
My wife and I had a separation agreement stating that we would live in the house until it was sold. Both of our names are on the mortgage and on the second mortgage. Her and her attorney stated that she would move back to MI (she wanted to) and will not pay any of the mortgage. It would be extremely tough for me to pay for the house by myself but I would not be able to do anything else... Now I do not want our credit to go down the tubes nor do I want to struggle while she is sitting at home with her folks living just fine. I looked into a reverse Mortgage and my bank does not offer it. What should I do or what would you suggest? Thank you!!