Hi Paul,

My wife and I are getting a divorce – we live in the state of Maine.  The problem is neither one of us can afford the mortgage payment alone.  With the market dropping out we owe more than the house is worth.

We are currently up to date on our payments and the house has been on the market for 4 months with no offers.  We have been given different advice about short sales.  One person recommended dropping the price by $10,000.00 every 2 weeks.  Others have said we should stop making payments.  Not to thrilled about that one.  I’m concerned about taking the hit on my credit score plus the fact I’m not to excited about not keeping my word and making my payments. 

I have yet to talk with the bank and don’t know if I should that yet.  Any help you could give would be great.

Peter (more…)

The sacrifices of God [are] a broken spirit: a broken and a contrite heart, O God, thou wilt not despise.

I realize we are a world of diverse beliefs; some people believe this or that or nothing at all.  I think that most people believe in God and many people believe in the bible.  Whatever our beliefs are or are not, we are all brothers and sisters trying to make it.  (more…)

But, beloved, be not ignorant of this one thing, that one day [is] with the Lord as a thousand years, and a thousand years as one day.  The Lord is not slack concerning his promise, as some men count slackness; but is longsuffering to us-ward, not willing that any should perish, but that all should come to repentance.

[It is] good that [a man] should both hope and quietly wait for the salvation of the LORD. 

Let no man therefore judge you in meat, or in drink, or in respect of an holyday, or of the new moon, or of the sabbath [days]: Which are a shadow of things to come; but the body [is] of Christ.

How long do you think the short sale phenomenon will go on?

Curtis

As every man hath received the gift, [even so] minister the same one to another, as good stewards of the manifold grace of God.

Surely the Lord GOD will do nothing, but he revealeth his secret unto his servants the prophets.

We live in Florida and my husband has entered into an agreement with a real estate co to short sales our home.  The home is in his name.  However, I had to sign the mortgage papers as his wife. 

I did not sign the agreement with the real estate co. He received an offer last Sun and sign the papers to begin the transaction with the mortgage co. 

I do not want to sell our home, short sale or otherwise.  I am told by the real estate co that they have a binding contract with him and he has a binding contract with the people who made the offer. 

If the mortgage co approves the transaction, can my husband sell our home without my consent?

Tammy (more…)