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moonshadow0922
newbie

Reged: 08/16/05
Posts: 40
Loc: Maryland

Stay at home mom for 17 years.....

10/26/05 08:13 PM

Greetings all!
As are many, I am new here....I have a question about my house. I have been a stay at home mom of 4 for 17 years. The kids are 17, 15, 12, and 5. I want to divorce my husband ( many reasons but mainly I just can't handle his insecurity anymore. I have been a very monogamous wife and accussed of wanting/doing everyone ) Anyway, We bought our home 8 years ago. We owe $ 150,000 on the mortgage. He refuses to move, so I am moving. I have been looking for a job, and found one. I will be starting in a few weeks. We are NOT selling the house, so how do I figure out what he should pay me as a buy out? I can not afford a lawyer, and I am getting all kinds of answers from friends. One says that if the house appraises at $300,000 and we owe $150,000, then I am entitled to the $150,000 in equity ...... another friend said that is true BUT I have to pay half the balance on the existing mortgage. THis does not seem right, because HE will still be living here and will be entitled to collect later if he choses to sell....so, Can someone lead me in the right direction? We need to settle this part of seperating first, as I have nothing at all in my name as far as savings go...and I will need to buy a car and a small place for me and the kids ( which we will have joint custody of ) Thanks for any and all responses!
~ams

Post Extras

Entire topic
Subject	Posted by	Posted on
Stay at home mom for 17 years.....	moonshadow0922	10/26/05 08:13 PM
Re: Stay at home mom for 17 years.....	Cinder2	10/27/05 12:47 PM
Re: Stay at home mom for 17 years.....	moonshadow0922	11/01/05 09:54 AM
Re: Stay at home mom for 17 years.....	moonshadow0922	11/01/05 10:13 AM
Re: Stay at home mom for 17 years.....	Cinder2	11/04/05 12:46 AM
Re: Stay at home mom for 17 years.....	amyleigh	03/31/07 01:08 PM
Re: Stay at home mom for 17 years.....	TGSM	10/27/05 12:37 PM
Re: Stay at home mom for 17 years.....	Karen1	10/27/05 11:56 AM

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