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burn the house down?

whoami's picture

since i have been back everything has been greet between fiancee and i - not so great with his ex and the situation with the house (among other things) that has been sitting on and off the market for 2 years now. as stated in a previous post, the house has been a problem for a while. it won't sell, the ex lives in it with her BF (who has no job btw) and the 2 kids.

the real estate agent shows the house several times a week and every response comes back negative. 'the house is over priced, the landscaping is not maintained (it really does look like sh*t), paint is worn down and the house is filthy.'

my fiancee has sizeable equity in the house($70K+) and is prepared to do anything to sell it. the only thing it seems he can do at this point is lower the price but the divorce decree says he cannot make any decisions on the house without ex's agreement. she absolutely will not agree to lower the price of the house, she demands he pay for a housecleaner, landscaper and a painter - she won't lift a finger.

now the interest rates have gone up on the house and the monthly payment are significantly higher.

well a few days ago she called my faincee and said she wants the house and she wants him to make her a proposal. i think she had this tactic all along to make it so the house won't sell so that my finacee will cut a deal with her out of desperation. so we gave her 3 different options to choose from and she came back calling him every name in the book. of course she threatened to take him back to court. my faincee did not respond to her typical verbal abuse. in fact he didn't reply at all. days later she comes back and makes her 'counter offer'. we both read it together - i was ROFLMAO!! is this woman friggin kidding me? she basically wants the house given to her. her offer was that he take a few hundred dollars off her $4800 monthly maintenance check - for the next 10-12 years, was after the youngets turns 18 (she also gets a $1500 a month CS check). i am like HELL NO! we are financially struggling right now and he is greatly depending on the equity in the house to keep us from going severely in debt.

we're now trying to figure out how to handle this situation. she clearly won't agree to lowering the price of the house now will she lift a finger to clean it up. my fiancee discussed (as a last resort) after 6 months if the situation doesn't change to have her move out of the house and we move in and clean it up. i am an interior designer by trade and staged homes in new york so he wants me to utilize my talent to stage the home to sell it. then as a result possibly deduct fees from her share of the equity. i suppose i could do this but i feel icky about it especailly because this is a house the kids grew up in.

any suggestions on how to handle this? or has anyone had any similar experiences?

Comments

sparky's picture

wow, thats a bad situation. the realestate market is suffering terribly everywhere and the prices are down. the new thing here in the south is auction. you can set the least price that you can take and its either and absolute or not. the great thing is the house sells in 1 day and you are done. in the end you may have to take a little bit less than what you want, but think about all the money that you will save just in 1 year getting that payment gone. she has probably done everything she could to make the house not sell so she can get the free ride and I would not move into her cess pool and clean it up. What is this? $4800 monthly maintenance check - for the next 10-12 years, was after the youngets turns 18 (she also gets a $1500 a month CS check). ? if she is getting this kind of money I would not go easy on her. does the house payment come out of the 4800 or does he pay that separate?

whoami's picture

i know i am totally shocked at how much that woman gets. i think it's unheard of. right now the house payment, etc is part of the $4800 monthly maintenaince check. the maintenaince payments are for the next 8 years (when the youngest turns 18)although her proposal for the few hundred dollars payment will go over a couple years so she would end up paying us money (which will not happen).

i think that is a great idea about the auction. i am definitely going to look into that more.

thanks again!

Tired2's picture

I can't believe he's paying so much in maintenance to her every month. How in the hell did that happen? What is the difference in "maintenance" and alimony? She sounds like she doesn't want the house to sell because then she would have to use that money for paying rent, electricity/phone/water/cable.... Is the interest rate an APR or Fixed? If it's an APR I would get it refinanced to keep the payment from going up anymore. Don't take any equity out just refinance the balance owed and get the payment to a reasonable amount.

I would tell her that if she gives up her $4800 maintenance check forever then you would sign the house over to her but make sure she has a certain amount of time to refinance it and get the loan out of his name to keep from ruining his credit in case she decides not to pay for it.

I don't know if that's an option for you or not but I would certainly give it a whirl. All she can do is get pissy and who really cares about that?

Good luck - you're gonna need it.

Some people are like slinkies...not really good for anything but they bring a smile to your face when pushed down the stairs! Smile

whoami's picture

hi tired2. he said he agreed to pay her that much in maintenance because he gets a 30% tax eduction. also that he was desperate at the tim eto finalize the divorce and just wanted to be done with it and not drag it out in court. i still think it's insane.

the interest rate is apr and my faincee is looking into getting it refinanced. this should help temporarily. i just wish that woman would just agree to drop the price. how on earth can we get her to do that?? ew could taker her back to court to requestio to revise the seperatin agreement as my finacee did not anticipate the house not selling when they signed the agreement. otherwise he would have put a clause in there protecting himself form this very situation. he's just afraid that going back to court would cost thousands of dolars. the way i see it he's losing that kinda money anyway doing nothing.

thanks so much for your reply. very helpful!

Anonymous's picture

letting this woman control his future. Sit down with financee and start the ball rolling to get rid of that home. She either agree's to lower the price significantly and help or he will haul her back into court to have a judge do it. He can protest that she is not helping with the sale of the home, judges do not like that. But this has gone on way too long, so explain to financee that an immediate solution must be in the works. Obviously, he needs to start cutting the ties with her so whatever that takes, but sit down with him and tell him what you both need to do to have a good future.