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Reply to "Blindsided by potential cheating—how can I protect myself and the kids financially?"
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[quote=Anonymous][quote=Anonymous]OP here again—yeah super dumb choice on our part with the house. We got a private mortgage from his uncle (no money down or very little), did interest only for 5 years and that’s why we owed so much. We did get a great deal on the house and it’s really two houses in one since my parents live here too.[/quote] How are you splitting equity if your parents live there too? Is there a contractual document in place which dictates what happens if you sell the house? Depending on the state and how long you have lived there and other factors, they may own a third of the house - that may be good for you or bad for you depending on whether you want to keep housing your parents or whether they will hand over their equity. You are now responsible for your parents and yourself if you leave your husband and lose the house. [/quote]
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