Kithani
Blackwing Lair Raider
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Didn't they turn it into the Winnie the Pooh ride though? That ride kicks ass for sure
Marriage and the Power of Divorce
- Thread starter Grumpus
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
moonarchia
The Scientific Shitlord
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You are one of us, so of course we're on your side. Change is always terrifying. Then you get through it and realize it wasn't as bad as you were worried about. You're already past the absolute worst of it, realizing that there was no path forward together if he wasn't willing to start making some necessary changes. The rest of it is just money and things, both of which are replaceable with hard work and time.
5 years means you don't have much equity in the house yet, so basically half of whatever you put down and half of any appreciation would be what you are looking at there. Or half the down payment minus half any depreciation if the market has gone down since you bought.
Do a thorough inventory of what you both own, including whatever he wasted his retirement money on. Not sure if he will get half of your retirement funds altogether, or just half of what you put in during the past 5 years. Stuff for your divorce lawyer to dig into. Do what
Cad
said if you want to start hiding money. Honesty is usually the best policy, but protecting yourself is always going to be top priority.If you don't have a good exercise and/or meditation regimen, now is a great time to start. The discipline and distraction will help keep you from drowning in the minutiae and misery of the process, and the primary benefits are always worth the effort, at all ages.
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Noodleface
A Mod Real Quick
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5 years means the house might've been bought before the real estate boom during covid. Our house doubled in value in that time.You are one of us, so of course we're on your side. Change is always terrifying. Then you get through it and realize it wasn't as bad as you were worried about. You're already past the absolute worst of it, realizing that there was no path forward together if he wasn't willing to start making some necessary changes. The rest of it is just money and things, both of which are replaceable with hard work and time.
5 years means you don't have much equity in the house yet, so basically half of whatever you put down and half of any appreciation would be what you are looking at there. Or half the down payment minus half any depreciation if the market has gone down since you bought.
Do a thorough inventory of what you both own, including whatever he wasted his retirement money on. Not sure if he will get half of your retirement funds altogether, or just half of what you put in during the past 5 years. Stuff for your divorce lawyer to dig into. Do what
If you don't have a good exercise and/or meditation regimen, now is a great time to start. The discipline and distraction will help keep you from drowning in the minutiae and misery of the process, and the primary benefits are always worth the effort, at all ages.
Koushirou
Log Wizard
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Cad
scientia potentia est
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It would be a lot more efficient to just sell it than litigate it I suspect.
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Koushirou
Log Wizard
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Thought about it, but I honestly can’t think of another place I’d want to live right now. In a good area right now, decent-ish house. Don’t really want to lose my financing rate, heh, but I’m guessing the divorce would fuck with that anyway.
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Cad
scientia potentia est
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You would have to refinance to get his name off the note.
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Cutlery
Kill All the White People
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Also, do that shit as soon as physically possible.
My insurance guy warned me about a possibility of my ex not getting car insurance due to her credit, getting into a wreck, and then having an issue where even though the house is mine per the divorce, if she's on the deed, I could end up with a lien on my house as a result of that.
You wanna get everything separated from unreliable people as quickly as possible
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Cad
scientia potentia est
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Let me clear up a couple of things without being too preachy - your insurance guy is wrong, but why he's wrong is a little technical.
Once the divorce decree awards the house to you, the divorce decree controls who owns the property. You will still need to file a special warranty deed to transfer ownership, but this cannot be done while there is a mortgage on the property. (There are two components to a mortgage - the mortgage instrument which is in the property record which secures an interest in the property for the lienholder, and the "note" which is the loan document which says how much you borrowed and the payment terms.) You need to refinance to get his name off the note/mortgage interest, and then he needs to sign/notarize a special warranty deed conveying his interest in the property to you.
After the divorce is final, even if you haven't completed the steps, the house is no longer any interest of his and could not be legally attached. The court order transferring ownership is final, and the property records reflecting the court order need to be filed, but the court order is controlling.
All that can't happen though until the divorce is final, so I'd get going on that. People bad with finances tend to get themselves in all sorts of situations, and you don't want to be part of that anymore than you already are.
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Fucker
Log Wizard
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moonarchia
The Scientific Shitlord
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What rate did you lock in at in 2022? Right now rates are between 6-7% depending on your credit rating and whether your bank likes you.
6% is $6 per month for every $1000 borrowed on a 30 year note. 7% is $6.65 per month. Just get a rough idea on how much you would need to refinance and math it out.
Payment Factor Table - Monthly Mortgage Payments per $1000
This is a monthly payment factor table, showing monthly principal and interest payments per $1,000. It can be printed and retained.
www.hsh.com
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Koushirou
Log Wizard
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Managed to get 3.875% locked in before rates popped off. But yeah, will just have to see if I can afford it as a whole as this plays out. I'm sure maybe without having someone else inflating my grocery bill or wanting to go out and do stuff that costs money, might be able to save up the difference.What rate did you lock in at in 2022? Right now rates are between 6-7% depending on your credit rating and whether your bank likes you.
6% is $6 per month for every $1000 borrowed on a 30 year note. 7% is $6.65 per month. Just get a rough idea on how much you would need to refinance and math it out.
Payment Factor Table - Monthly Mortgage Payments per $1000
This is a monthly payment factor table, showing monthly principal and interest payments per $1,000. It can be printed and retained.
moonarchia
The Scientific Shitlord
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Ouch. You're looking at a 33% or more increase then to keep the house. Probably cheaper to sell it and split the proceeds/losses and find something smaller for just yourself.
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Cutlery
Kill All the White People
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