I am in California. If I stop paying my mortgage (because I cannot afford it on one income), it will ruin my credit, won't it - and thusly ruin any chance of my buying another, more affordable home?
Do I tell my lender that I am facing divorce, and I need to sell the house? I am luckily not underwater - just about $20k above water at this point.
I feel like such a fool that I don't know the answers to these questions. Funny, how last time I was betrayed, I lost sleep over feeling inadequate and obsessing over the OW. Now, I am just completely consumed with trying to take control of my life and not let everything collapse around me, functionally speaking. I am a very responsible and fiscally fit person by nature ... this whole sordid set of variables has me nauseous.
And I don't want to screw my WH out of anything. I just don't want to depend on him for my livelihood (aka, my happiness) ....
Fooled twice - almost exactly 10 years apart.
If you stop paying your mortgage, it will definitely affect your credit negatively and put you in danger of foreclosure, which would really wreak havoc on your credit score.
If you are worried about protecting your credit and you are willing, I would definitely consider selling, especially if you are not underwater. That way you can avoid negative credit ratings and perhaps rent for a bit until you get back on your feet.
I'm sorry you're going through this... it is so stressful.
If he is unreasonable, go ahead and file for divorce and get a temp orders hearing which will likely decide the fate of the marital home.
You do have some control here. I hope for your sake he is reasonable and you can list the house quickly before the market cools.
I believe I am entitled to some support from him so that I can stay in the house, until I finish graduate school. I just am not sure I want any connection to him at all. I almost wish I never had to see him again - like if he died or something. I could just grieve, move forward, pick up the pieces, and go on.
I'm not thinking I would be foolish, saying something like "just take it all!". Part of me is truly curious - because of his indiscretions (which I can prove - including bank accounts used to finance his affairs), is he somehow legally more "at fault" - and therefore, more liable?
I just don't have a clue how that all works.
I don't want him to live the rest of his life paying the price for his horrible mistakes. I want him to be gone from me, too - and grieve, heal, whatever he is capable of (unsure what that is). If he has any chance of a real life, his only chance is to find it with someone else. He's completely destroyed any chance of having that life with me. Forced our hand on the whole thing, really.
I just am not sure I want any connection to him at all.
You know, I did this. I did a D where I walked away with my stuff and didn't take anything from him in service of getting away from him and never speaking to him again.
In truth, we would have been fighting over pennies, but ... sometimes I wish I had slowed down and really thought through what I needed. I certainly could have asked for spousal support. I could have asked for a portion of this retirement. I let him take our underwater house ... but even that will rebound in the market at some point. I probably hurt myself financially by doing things the way that I did.
So, just be careful. Don't cut your nose of to spite your face as it were.
You have to walk away from the past in slow motion as it explodes behind you, like in a John Woo movie.
This quote is the first thing I've laughed outloud at in days. Brilliant.
Divorce in CA=no fault state. The courts do not care about anything regarding infidelity. Depending on where you are, the market may be slowing down. I would call a realtor that can give you an idea on how the market is doing and what your home could sell for. Figure out the pros and cons. The time/trouble and effort to get your spouse to give $ for mortgage, versus getting out without a ding to your credit is something you should consider.
The roommate idea is good also. I have a friend that rents out rooms and it almost covers her mortgage.
They have a choice: they can live in my new world, or they can die in their old one." — Daenerys Targaryen