I'm a bit in shock. I got married in Oct. to a man who had his own business, own house, 3 raised kids etc. We knew each other for over a year and being older, I feel no less stupid at this point.
It started when hubby took "real" job in April, we got married in Oct., fired from job in January (2 wks ago) and now he told me he wants to take out home equity loan as his townhouse hasn't sold yet and he wants to do work on it to make it more appealing. He told me that info on Monday....today (Friday) he told me that his house is 14 days from foreclosure as he didn't pay Dec. or Jan. mortgage and he hasn't paid his last month's truck payment ($725) yet either. He has excuses, but we've been living in my house, and I've been paying everything on my house like I was before we got married as he still (I thought) was paying on his. I don't know where the money went. He wants to take out this loan but he can't get one because he has no paystub as he went back to being self-employed (plumber) but since it was an abrupt firing, his startup of self-employment is slow.
Thankfully I never changed my will or anything (I am only a secretary, but my house is paid off, no car payment, etc. and have everything going to my 2 grown kids) but I feel like I was deceived. He said he had 25k saved as of the Spring (when we got engaged) as a cushion....the cushion popped some where along the way.
how responsible am I if his house goes into foreclosure and should I (gulp) agree to sign on for this loan, hoping to sell the house and getting that lump of a problem rid of?
It started when hubby took "real" job in April, we got married in Oct., fired from job in January (2 wks ago) and now he told me he wants to take out home equity loan as his townhouse hasn't sold yet and he wants to do work on it to make it more appealing. He told me that info on Monday....today (Friday) he told me that his house is 14 days from foreclosure as he didn't pay Dec. or Jan. mortgage and he hasn't paid his last month's truck payment ($725) yet either. He has excuses, but we've been living in my house, and I've been paying everything on my house like I was before we got married as he still (I thought) was paying on his. I don't know where the money went. He wants to take out this loan but he can't get one because he has no paystub as he went back to being self-employed (plumber) but since it was an abrupt firing, his startup of self-employment is slow.
Thankfully I never changed my will or anything (I am only a secretary, but my house is paid off, no car payment, etc. and have everything going to my 2 grown kids) but I feel like I was deceived. He said he had 25k saved as of the Spring (when we got engaged) as a cushion....the cushion popped some where along the way.
how responsible am I if his house goes into foreclosure and should I (gulp) agree to sign on for this loan, hoping to sell the house and getting that lump of a problem rid of?
