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Real Estate
Reply to "What I don't get: When people complain that they are drowning because their house is underwater"
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[quote=Anonymous]in my case, it was a whole lot of bad decisions with an ex husband. We bought our house years ago, and then the refinancing game began. Get a better rate, consilidate, get money out of the deal, etc etc etc. Ex had extreme spending habits and each time we refi'd over the years (we are talking over 20 years in the house) and we were offered money in the deal, he took it. Yea, stupid. I was young and have learned a hell of a lot, way too late. :( So now the house is mortgaged at 3.5 times the original amount of the purchase price. After ex walked out he left me hanging with more cc debt and a home equity loan he refused to pay anything on (he figured it was tied to the house an he didnt have the house so not his debt, even though it was most of HIS cc and HIS truck in the deal). When I refi'd to get the house out of his name, we had to roll everything in to the new mortgage, hence the reason why wI am at this point. It sucks because we need to sell the house so we can move and the house isnt going to sell for what we owe, hence freaking out about it. :([/quote]
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