Hello,My husband and I are getting a divorce and our home has a 1st and 2nd mortgage. The first amount is what the house is appraised at today, and the second mortgage is for the additional amount that is was appraised for 2 years ago. My question is this: neither my husband nor I can afford to make the house payments by ourselves. I have checked with the mortgage companies about lowering our payments, but so far, no luck. Any advice for us. My husband would really like to keep the house, if at all possible, but cannot make both payments with his current salary. by a.summer7 from , . Aug 11th 2009
Unfortunately, unless he can make arrangements to reduce the payments or increase his income, it appears he may have to vacate the property.
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