Is there any equity in the home?

I guess I'm still shocked that he's willing to strategically default, unless he's way underwater on the mortgage vs. the home's value. And that he's leaving it to YOU to pay that (or not), out of your end.

Unless there was some sizable equity in it (and I had a reasonable legal claim to 1/2 of it under my state's family court laws), I would be inclined to accept his monthly contribution to you, but SKIP MAKING THE MORTGAGE PAYMENT, while beginning to seek suitable rental property in my desired area (like S7's school district). Even though NC is a non-judicial state for foreclosures, and they seem to be running 90-180 days (unlike Florida's 400+ days), you could sock away some needed funds doing that. And there are legal moves you could make to delay it even further.

Just a thought. It IS a huge decision.


M57 W 57; D30 D28 S24 S20 GD7 GD2 GD1 GD5m GD1m
BD 5/07; W's affair 5/07-8/07

At the end of every hard-earned day, people gotta find some reason to believe. (Bruce Springsteen)