Posted by KeithK2 on February 21, 2002 at 11:41:03:
Have you approached the mortgage holders and offered to cash them out? Sounds like they might willing to take the hit and be shuck of this deal.
Can’t see what hubby stands to gain by letting his soon-to-be-ex go under since his name is (presumably) on the mortgage (since he’s also on the deed) and he’ll take an equal hit for any deficiency experienced by the mortgage holder in the event of a foreclosure. Sounds like he’s still stuck in the anger stage of his impending marital breakup and will do ANYTHING to get back at his spouse.
Perhaps you miught reason with him but I’d still want to see if the note holder will sell. That way you can gain an interest in the house and deal from a stronger position
Just my two cyber-cents worth. Hope it helps