Ok First of all hello. I have quite a complicated situation. I own a house with my current wife that we pay for on time.Me and my current wife are both on the note. I have my name still on my ex-wifes mortgage, but not on the deed. The ex pays for that house on time she just couldn't get the house refi due to not having any equity in it. I am also on my mothers deed but not the mortgage as my dad signed his half of her house over to me durring thier divorce approx: 6 years ago. That house is worth neg, equity. I have approx: 22k in unsecured debt, and 14k in student loans. I have no money left over in the month after groceries and that is below living standards, i have quit paying my cc just to live. My wife is pregnant and we are soon expecting ... the bad is how are we going to afford it. i make roughly 40k a year but after my pension and taxes i take home roughly 34k. my wife make roughly 24k a year.
What are my options giving all the worthless realestate in my name. should i quit claim deed my moms house to her and wait a year. What if my ex- wife can never get a refi?
All the unsecured debt is in my name only so I will be filing seperate.
I do not have any real disposible income for chapter 13.
Any sugestions will be helpful.
What are my options giving all the worthless realestate in my name. should i quit claim deed my moms house to her and wait a year. What if my ex- wife can never get a refi?
All the unsecured debt is in my name only so I will be filing seperate.
I do not have any real disposible income for chapter 13.
Any sugestions will be helpful.
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