There is no buyout, Wonka. There is no equity in the house. It is a wash. The house will never be worth what we paid for it, unfortunately. Not in this market.
I have an email into the lender to verify what H told me. H said the lender will not respond to me via email, which makes me more skeptical. I just asked if the underwriter has truly seen the paperwork or has it even gotten to that point yet? If the lender refuses to give me the information I request then I guess we are truly getting no where.
My attorney suggested increasing the maintenance payments by about $50 per month, but since I have to pay taxes on that amount, I am really not interested in that option.
H won't put anything down on paper. He wants to work out the details of the repayment between the two of us. Which is shaky at best but I guess it's better than nothing.
And I don't want H's car. And he has nothing else to give me. I don't think he can pull out his retirement fund unless he has a "qualifying event". I don't know what that would entail.
I guess I will wait to hear from the lender.
WH
AT BD: WH 41, J 43; Bomb 2/5/2012 Two kids, one dog D Final 6/18/14 J marries OW 1/24/15 "No matter where you go, there you are"