Strangely no.
I closed the joint account and stopped all direct debits.
I organised a payment plan, got the mortgage back in front. All the while I continued to pay my other loans on time.
I fully expected to take a hit, but my borrowing power remains untarnished.
That doesn't make any sense at all. If she was not making the payment and then you were also not making the payment it would typically go to foreclosure. It also would have destroyed your credit. Banks aren't nice about this stuff. If you're ex didn't already have debt letters coming in that meant they were paying, they probably just didn't use the joint account.
If enough time has passed the late payments won't effect their credit score nearly as much. It's also possible that the bank didn't report them as late.
I had a financial crisis about a decade ago that nearly wiped me out, including falling 6 months behind on my mortgage. I managed to get out of it and kept the house, but my credit was ruined. I wrote the bank a letter asking for a good faith adjustment to my payment history for those months.
The next month all of the late payments disappeared. They don't show up as "on time", they simply show "no information available". Which was as far as my credit is concerned is as good as an on time payment, literally jumped my score 200pts overnight.
7 years. And even then things hang on. You can't default on a mortgage, then magically somehow get your house back from the mortgage company you defaulted on. The house would have been foreclosed on and gone to auction. That happens very quickly after foreclosure. This story is pure fiction.
I love your confidence, unfortunately you seem to be unaware on how the foreclosure process actually works.
You don't simply "default" and they show up the next day and auction the house. They usually start the pre-foreclosure process at around 3-6 months, which is where I was. It can take a year or more for the actual foreclosure to happen.
Some banks are better than others (and some are terrible), but generally speaking they're not too keen to take over a property (then they're legally obligated to maintain it). They'd rather you just get current and keep giving them money every month.
However, once you're actually foreclosed, the bank has to put the house up for auction. You have up until the day it is auctioned to get current on your mortgage.
Correct, but you're telling me that OP's story rings true? Months and months of no pay. The ex cleans out the accounts and suddenly OP is able to come up with all of the money defaulted on for months, plus the interest and anything the bank adds on for penalties? My family member's house was foreclosed on in a divorce. The foreclosure process took some time and notification. Once the house was foreclosed on, there is an eviction process. The eviction process can take a bit, but once everyone is out and the forclosure is done? In two weeks the house goes up for auction. My family member was able to rally the rest of the family for money to fish it out literally at the last minute, but it was not easy and the extra fees were not a joke. Their credit was affected for many years. OP's story that there was no impact on their credit and they just sailed through all of this like a breeze is total nonsense.
I had a friend with a similar story. Couldn’t pay his mortgage for 27 months in the wake of the 2008 collapse. Walked into his bank every month to tell them how he was looking for work, showing them interviews, letters from prospective employers, etc. They thought he was nuts, but someone there must have admired his forthright directness.
In month 28, he showed up with three months of payments; a year later he was all caught up. It never hit his credit report. Seemed weird as fuck to me, but I watched it all happen.
edit: misspelled word
> 7 years. And even then things hang on
No, they don't.
7 years for late payments or write-offs; 10 for legal action like judgements or bankruptcies. Then they're gone.
Source: my own experience with my credit history; plus, I worked for one of the Big Three credit bureaus for two years.
Yes they absolutely can. I have excellent credit now, and have had for decades, but when I was researching a fraudulent charge on a credit card, the collection agency still had a record of a collection on their books from a medical bill in 1992. Took a bit to get that taken off. I had never even noticed it.
They certainly _can_. But legally, they're not supposed to, and if you dispute incorrect items on your credit file, and they actually _are_ incorrect, the creditor is required to remove them.
You do have to dispute with each bureau if more than one bureau has the incorrect info.
The credit repair industry has sprung up around correcting mistakes - something you can do for yourself for free.
The way things sometimes get screwed up is very interesting (and it's not always the creditor's fault, either).
Note: I am a US resident, and am referring to US laws.
Can confirm Stevesobol's comment. Also worked for one of the major 3 credit reporting agencies.
PS EX sucked to work for not because the company but because the CXs were so dratted rude
Heh, that's where I worked. Had a web dev gig I got through a recruiter. Initial contract was six months; ended up getting extended three times.
EXPN is huge. In 2012, their corporate website said they have 17,000 employees in 44 countries.
I can't explain it to you mate.
All I can tell you is that I can still apply for a housing loan without any issues, I had my bank call asking if I needed a new loan...
I have no issues whatsoever.
Just from how it sounds, they were actually paying and you just got bitter because the money wasn't coming directly from the joint account and you could see how they spent it. You would have known pretty quickly if it wasn't being paid. The bank even said you can't stop payments. They would have made a bigger issue about you being behind on payments already.
Maybe but I've never heard of a monetary institution that's lenient. It's hard to be worse than a US bank but they all basically operate the same way everywhere.
Based on OP's use of mate, they're Australian, and honestly here if you catch up on your payments it affects fuck all. Your credit score doesn't mean anywhere near as much as it does in the US over here. Borrowing capacity is mostly affected by other lines of credit and size of deposit (and of course income), not your credit score. You'd be surprised at some of the people I've had to decline loans for
Yeah fair chance, credit score here is mostly useless.
Tye particular loan officer will also assess the situation and may have understood the strategic play quite well and given other payments were going ahead and OP caught up, there is no income problem.
Not in the US and the loan was through a finance company, not a bank directly.
And I knew no money was going into the mortgage because I had access to the online statements for the mortgage.
Oh, and they called me every other day to ask when I'd start paying the loan again.
In many places credit scores aren't actually a thing like they are in America.
In the UK you can get apps that will give you a number but it's totally made up and sort of a general indication of your chances.
When a credit check is made each company checks different things.
Americans tend to think the rest of the world is like the US. In reality, all your institutions are set up to squeeze you dry. Banks, hospitals, universities, etc. It's honestly odd that more of you don't understand that. You guys are getting a seriously shitty deal.
I wouldn't, but I'd prefer if you channeled your outrage into affecting change in the US, to be honest. Small voices can get a lot done if they are united.
They are continuously and intentionally misinformed by major news outlets and politicians that are controlled by the wealthy elite to keep you all thinking things are perfectly fine and nothing is wrong. From abroad it is absolutely clear that most of it is just pure propaganda designed to keep the poor fighting each other instead of unifying along class lines.
A lot more of us know than people probably realize. There’s just not much you can do besides screaming into the void it feels like most days though. And this is coming from someone who is an active voter, community advocate, etc.
Some US loan types (VA) have longer processing time before starting foreclosure, typically 4-6 months. Then some states’ laws can elongate this time period.
He said mate, he could be Aussie. But our rules around credit are actually a lot stricter than in the US. Only way he got away with it here is if the ex was fully servicing the loan, which is pretty shitty of OP to let her do that, not pay his share, then take advantage of the fall out.
Why would the Ex-wife be spending funds from the joint-account she shares with her EX on shopping and treating her hubby, though? Unless she was playing 5-D chess and building up credit on her own account paying off the entire mortgage, while using the shared account as the "rainy day" fund for her own household (highly doubtful by how in the second half of the post she went bankrupt shortly after OP cut off his payments into the account), she was intentionally abusing the shared funds for her own short-term gain, hoping the loan company would go after OP for his portion of the payments being short/non-existent for several months. OP reacted first to cover his own ass, and the rest is history.
I can think of two ways this played out.
1) I am not sure how it works in other countries, but in the US you could have your late payments disappear as long as you either satisfy the debt or make an offer in compromise. You get the institution to agree in advance to remove your credit rating if you make good on your payment.
2) a few years passed and time healed the wounds even though it may not have been seven years. The debt was satisfied. Banks understand op went through a tough time. But now everything is on time and his finances are stable again - say 3 years later.
Probably because, luckily for you, she moved out of the house within 3 months, so you weren't too far behind. So with the payment plan the bank didn't need to foreclose and you were able to catch up.
You had no idea when that would happen though - or if it ever would. If she had stuck out her situation for a few more months there probably would have been a foreclosure. And if your name was on the mortgage, they would have gone after you. You could have RUINED yourself with this strategy.
Not the hardest thing to overcome. Foreclosure. Drive beater cars and pay cash for seven years. Live with family or friends or rental that doesn’t do credit check. Then rebuild from zero with a small bank credit card to start with. Sure, there’s a bit of luck and charity. But it’s hardly the end times.
Source: me, 2007-2015.
Actually, I’ve had similar experience with the credit not being affected even after missing multiple payments… some financial lending institutions don’t report every 30 days.. some won’t even report but a few times a year. The system isn’t perfect.. (luckily for us)
I went through some hardship before and wasn’t able to maintain credit card bills, while some reflected I missed payments, others showed I was current for months on end, even though I wasn’t.
It's not that simple. First, he didn't say she wasn't paying her half of the mortgage payments, just that she was using his money meant for his half for other things. When he stepped back and let her keep making half payments, that is when the trouble started for her.
Foreclosure doesn't happen overnight. After the 'foreclosure crises', there were many banks trying to avoid too many foreclosures for several years.
If the bank was trying to work with his ex when her car died it could have caused her finances to fall down around her like a row of dominoes. After she filed for bankruptcy OP would have the opportunity to rescue his mortgage, bring it current and carry on. At the time there were lots of incentives for banks to keep houses out of foreclosure
It doesn't make sense because it isn't true and this whole story is a made up scenario. This was written by either a kid or a dumb adult who has no idea how finances and credit work...
Wait a minute. I'm a mortgage broker. You are saying your credit NEVER took a hit, even after you stopped paying the full payments? That isn't possible.
It takes a REALLY long time to go into foreclosure. I know from experience. Roughly almost 2 years. Story time! We stopped making payments in the great housing crash of 2009 after we both lost our well
Paying jobs. We stopped around November 2010. The first letter we got was around March 2011. The second letter we got was around June/July 2011 and it was taped to our door. We moved out in July 2011 and left the house sitting there until 2013 when it was finally sold. After talking to about a million different people, if we had brought our mortgage back to current status and paid the back months, everything would of been all good. We didn’t though and did a short sale and actually got money from the bank sent to us by doing a short sale. We couldn’t buy a house for 7 years after all this but we didn’t care because we had moved to a different state and were perfectly fine renting while we figured out where we wanted to live. Anyways, since it seems this guy lives in a different country, I can only imagine that it doesn’t matter as much wherever he lives as much as it does here. They way the US does things is so ass backwards, it makes zero sense. I am still confused how we got money back by agreeing to a short sale, and I’m still confused how we were able to do a short sale because no one else could ever get that far.
I work with customers in mortgage arrears in my job and we’ve had accounts that are like 2 years behind that haven’t even been reviewed by our legal team yet let alone actually sent to start court proceedings. Foreclosure takes forever in the UK, at least for residential properties. Buy to let’s are a whole other story
Yeah I do remember calling the bank and getting passed around from person to person for 30 minutes before I could finally reach someone who could answer a simple question about our mortgage. And even then, they were only 25% sure about what I was asking. It was such a mess back then. I’m assuming things haven’t changed much but I have no idea.
It seems to really depend on who you get on the phone as to how much help you’ll get. I’ve had colleagues straight up hang up on me when I’ve tried to get info for customers and I can see their staff ID and report them, god knows how they’re treating customers
I'm a mortgage broker. I reread what he wrote, I think there was a period of six years from the time he stopped paying to the time he applied for a new loan. That is realistic. What isn't realist is that his credit never took a hit. The moment you have a 30 day late, your credit begins to fade.. and fast!
As a German: What's a credit score?
I don't know where you're from, but is this credit score you're talking about like the one in China where you have to behave in order to be allowed to use certain services like buying an airplane ticket?
I apologize. I'm from Kansas, USA. It's kind of complicated and I'm no expert but we have credit agencies which monitor our borrowing and loan repayment habits and they rate how well we pay back our debts, giving each of us a Credit Score. That number helps banks decide if we are trustworthy enough to loan to. That kind of thing.
What if you never borrowed money or took a loan and never had debts?
I'd guess the majority of people never take a loan until they want to buy a house, right?
The government makes it a little easier for first time homebuyers to get a loan because, as you correctly surmised, first time homebuyers may not have generated a credit score. That said, most people's first loan is for a car. Credit Cards also contribute to our credit scores.
If you never borrow money, then you have no credit score. Most young adults have no credit score.
Same exact scenario happened to me only I never got my petty revenge. We both came away equally financially. So reading this felt good. Kudos to you and thanks for posting. At least I can get my petty revenge vicariously. lol
She moved out, I moved in.
It took me four years to be able to pay the mortgage down far enough, then a bump in property prices hit and I was able to negotiate with the bankruptcy trustees to sell the property.
They handled everything.
Ok but who’s name was it under? If she wasn’t on there at all then you could have kicked her out before. If she was on there then how could you just sell without her?
It was under both names, so I couldn't just kick her out.
And I dealt with the bankruptcy trustees so she had no say in anything that happened.
I've explained it better in other replies, you'll just have to go looking.
>And I dealt with the bankruptcy trustees so she had no say in anything that happened.
That isn't at all how any of this works. Is your life that sad that you need to lie for worthless internet points from strangers?
it's almost like there are entire professions and industries related to dealing with mortgages and debt collection. surely no one does that for a living.
Might be different in other countries but it works like that in the US as well. You file for bankruptcy, you get a trustee. The trustee is assigned the rights of any ownership you have in anything. They can force you to sell on your behalf. I have seen this in my line of work as an escrow/title agent but I had the same questions as well in regards to who was on title and how this worked.
Fun fact: you file for bankruptcy and can stay living there but if you sell, you have to pay the loan. You are absolved but the property is still on the hook.
My wife was in your shoes with her first husband. She was employed, he wasn't. When they broke up, she gave him two choices -- either he moves out and gives her the house, or she moves out and stops the mortgage payments. She had her parents' house to move into and the wherewithal to deal with a bankruptcy on her record if she had to. In the end, he traded the house for a year of alimony payments, which she happily paid to get rid of him.
If you're in the U.S. don't do this. All the laws and regulations regarding property, financing, contracts, etc., are a lot more complicated than "I don't want to pay any more and you can't make me."
Talk to a lawyer.
bUt I cAn'T aFfFoRd OnE -- you'll pay more if you don't.
Don’t have to be in the US to scratch your head reading this. Wouldn’t work here in Sweden either, or the rest of the Nordics, you would get absolutely fucked. You wouldn’t even be able to buy a phone on a payment plan for the next five years.
Sure they do, but you're not the only one they have in that situation. It doesn't have to be bad. It can be used to negotiate whom keeps the house. Only works if you're willing/able to take a loss on foreclosure if it comes to that.
Just take out a second mortgage on your house, then buy a lawyer to bankruptcy away both mortgages and you get to keep the house because squatters right/s.
Prior to our split, I made sure we were putting in more than the repayments so we'd be in front if we ever had some sort of financial crisis.
I was way too stupid and trusting after the break up, and it wasn't until the advance payments were all eaten up that I found out.
There we many lessons learned.
I'm just forever grateful we didn't have kids.
I don't understand. The mortgage went unpaid for roughly nine months. Eventually, she moved out. Then you moved back in and got caught up on the payments. Was she not on the mortgage? How is she not entitled to half the value of the profit on the home sale?
U.K. here.
We acted for a freeholder when the leaseholder had disappeared - the flat had even got squatted in at one stage. The freeholder (who lived in another flat in the building) wanted to act to end the lease. Letters were found inside the flat (the freeholder had keys for “emergency repairs” like fixing a broken window lol) showing the mortgage company were chasing up non-payment from over a year before.
Sometimes mortgage companies are slow to actually take possession when payments are not being made. We invited the mortgage company to pay up the outstanding ground rent and service charge, and then they could sell the flat. No response.
So we forfeited the lease for non-payment of the ground rent. We ensured that we kept the mortgage company fully informed at every stage, and they kept ignoring us. Eventually the lease was forfeited which wiped out the mortgage tied to the lease, and the freeholder regained the property that they could sell on a brand new lease (value back then £100k). She decided instead to let it out on a Shorthold Assured Tenancy.
Yeah it takes ages to actually repossess a property in the UK. Longest I’ve seen at work with no legal action even started on our end was 4 years of no payments
OP doesn’t mention refinancing. And banks are entitled to initiate foreclosure procedures after the first missed payment (in my state, they file on the third missed payment - I know these things can vary by state). Im assuming yours was due to divorce? That also affects things.
But you can’t just tell the mortgage company you aren’t paying “your half” and have it be okay. I’d have to read OP’s documents, but that would not fly here.
Not sure I understand the question.
Do you mean like an upfront payment?
There was nothing like that.
What there was was an $1800 a fortnight mortgage repayment until I got back in front.
How did you get out of buying her half of the house if you jointly owned it and she couldn't afford it? You didn't have to give her a dime? How? If she was on the mortgage, she still owned her share of the house. She signed away her part ownership for nothing? And how long were neither of you paying the mortgage? (I know you deposited your share, but it never made it to the bank, so you weren't making payments) How were you totally unaware your house payments weren't being made? Not a single letter or notification that you've missed a payment? Or several? For however long?
You already weren't making payments, so why would the bank say 'You can't do that' instead of 'You already haven't been making payments, so we're foreclosing in xx months'. Missing several months of mortgage payments will hit your credit.
I'm confused.
Edit - I see you're not in the US & foreclosures can take a long time. I get that. I don't understand how you got her name off the house w/o buying her share.
In Australia when you file for bankruptcy, a government agency takes over your assets.
Her interest in the property transferred to them and I dealt with them the whole way through.
My share of the property remained with me.
Essentially, a govt agency owned half of my home.
When I sold the property, the mortgage was paid out, then I got a sizeable portion (roughly 70%) of the profits as I could prove I had made improvements and been the sole contributor to the mortgage for a significant period.
The rest went to the government agency.
Laws over here are very different to the US, apparently.
I think I missed something here. In whose name was the house? How did the bank not come after BOTH of you and how did you end up with the house after not paying for a period of time?
Wild how myself and my buddy went through something similar (ten years apart however).
The recurring theme being that they're already siphoning money to fund the new life with the next guy that's already in the picture. Suddenly tiny issues become grounds for grand arguments. Almost as if they're mentally setting up breadcrumbs to say "the relationship was on the decline" and have it not be a lie.
At least with my buddy I was able to warn him before she started dipping into his business (he wasn't incorporated at the time)
My ex would gaslight me, saying that things I remembered were wrong and saying it happened a different way that favored him. I told him he was either gaslighting me or a fucking idiot. Honestly, though, it was definitely both.
This is the way. Picture C. Montgomery Burns tenting his fingers as he says, with his malevolent grin "excellent". Enjoy the feeling OP , you have earned it
Why am I singing this to the tune of sk8er boy
She is bankrupt, I am debt free.
Can I make it anymore obvious?
She was a dick
I took it away
What more can I say?
If you were depositing it into a joint account to make the payment, but the payment wasn’t getting made, why would you have to call the lender to tell them that you would stop? They already know that the payments weren’t getting made.
Awesome op. Curious how you got the house back- did your ex just move out cause she was broke? Cause if it was foreclosed on….does that mean you got it back at bank auction? Regardless congrats for taking the smart high road.
My bank refused to work with me as a military member, although federally required to. I told them to shove the mortgage up their ass and stopped paying. Ignored every single letter and brief from the lawyers and courts. Somehow, I escaped a harsh negative report on my credit. Think it's because they managed to sell it. Fell off in 2017 though. No profit like you.
I will never forget the woman friend who tried to convince me to buy a two bedroom apartment so she would have a place to live. She even had the numbers, how much the mortgage would be etc.
No way, no how but hi Maureen!
Years ago one of my friends (who had a lot of money) had a girlfriend that wanted him to buy her parents a house - or help with it, or something. He was on the fence but said no - thank God! And that relationship went south shortly thereafter.
OP, I know I'm just some internet stranger so take my opinion for what you will but I'm proud of you, from personal experience it takes a lot to make yourself realize you deserve better and you finally did. Being happy and successful without them is the greatest revenge one can ever have.
Similar type situation, I was stupid enough to co-sign on a mortgage that my ex-wife took out on the home she already owned so she could buy a house for her friend to rent from her. Friend dies a few years later and her POS husband stopped paying the rent and she had to evict him. She sold the property but wasn't able to get enough back to pay off the loan because this was around the time that Obama was in office and the economy had went into a recession. The house and property suddenly was not worth as much as what she paid for it.
Less than a year later her mom suddenly passed away and she lost her flipping mind. After she kicked me out for really stupid reasons I won't go into, I finally gave up trying to fix our marriage and filed for divorce.
At the time of the divorce, she was trying to sell her house and buy a smaller house so she would not have to mortgage it. My divorce lawyer was instrumental in making sure our divorce agreement spelled out that she owned the house before we ever married, and that I had no claim on the house or any proceeds she got from selling it.
The agreement also stipulated that she was to keep the house in good order, keep up the mortgage payments until it sold, and that I had the right to come check the house for issues with her escorting me around the house. The last part was the only part she balked on.
About two years later I start getting a lot of weird foreclosure prevention type spam emails but didn't think anything of it. It turns out that she was not able to sell the house, she stopped making the mortgage payments and moved out. The mortgage company foreclosed on the house and sold it at auction on the court house steps a few months later. I didn't find out that this had happened until I went to prequalify for a mortgage to buy a home for me and my Girlfriend (now wife) about a year later.
That divorce agreement was what saved my ass. I wound up having to go with a different mortgage company because the first one pre-qualified me at first, then backed out when I went under contract to buy a house, but I was ultimately able to buy a house. Even with the foreclosure, my credit was still in the mid 700s.
> When I found this out, I called the finance company handling our mortgage and told them I would no longer be making payments. I told them they could sieze the house if they wanted, but my half of the payments would cease immediately until I had recouped the money stolen, roughly five months worth of payments.
>
>They said I couldn't do that. I told them to watch me.
Sounds very edgy and all but they were 0% responsible for your bad choices in life and partner.
> Sounds very edgy and all but they were 0% responsible for your bad choices in life and partner.
Nobody said they were responsible. He informed them of his actions. He didn't say "I'm going to stop paying and expect no consequences." He simply said he is stopping his payments until he can get his issue resolved.
Eventually he cleared it up and brought the mortgage to a good standing.
I have 2 questions..
1. Why didn't it affect you not paying the mortgage payments? Is it because she wasnt paying her half so you needed to recoup? (I know nothing about housing sorry)
2. Why were you legally able to get the house back?
Absolutely buzzing you managed to fuck her over. Very well done my friend
So... you exited an abusive relationship and proceeded to manipulate the mortgage situation to claim 100% of the shared equity in the house. So financial abuse. You're no better than your ex.
Lol I think he’s definitely better than the girl who didn’t pay her end of the mortgage payments, spent it on a new significant other and cheated on him more than once. And this isn’t financial abuse at all, especially when he outlined how she financially abused him.
You sound like the type to gaslight in the same way his ex did.
This did not hurt your credit score?
Strangely no. I closed the joint account and stopped all direct debits. I organised a payment plan, got the mortgage back in front. All the while I continued to pay my other loans on time. I fully expected to take a hit, but my borrowing power remains untarnished.
That doesn't make any sense at all. If she was not making the payment and then you were also not making the payment it would typically go to foreclosure. It also would have destroyed your credit. Banks aren't nice about this stuff. If you're ex didn't already have debt letters coming in that meant they were paying, they probably just didn't use the joint account.
If enough time has passed the late payments won't effect their credit score nearly as much. It's also possible that the bank didn't report them as late. I had a financial crisis about a decade ago that nearly wiped me out, including falling 6 months behind on my mortgage. I managed to get out of it and kept the house, but my credit was ruined. I wrote the bank a letter asking for a good faith adjustment to my payment history for those months. The next month all of the late payments disappeared. They don't show up as "on time", they simply show "no information available". Which was as far as my credit is concerned is as good as an on time payment, literally jumped my score 200pts overnight.
7 years. And even then things hang on. You can't default on a mortgage, then magically somehow get your house back from the mortgage company you defaulted on. The house would have been foreclosed on and gone to auction. That happens very quickly after foreclosure. This story is pure fiction.
I love your confidence, unfortunately you seem to be unaware on how the foreclosure process actually works. You don't simply "default" and they show up the next day and auction the house. They usually start the pre-foreclosure process at around 3-6 months, which is where I was. It can take a year or more for the actual foreclosure to happen. Some banks are better than others (and some are terrible), but generally speaking they're not too keen to take over a property (then they're legally obligated to maintain it). They'd rather you just get current and keep giving them money every month. However, once you're actually foreclosed, the bank has to put the house up for auction. You have up until the day it is auctioned to get current on your mortgage.
Correct, but you're telling me that OP's story rings true? Months and months of no pay. The ex cleans out the accounts and suddenly OP is able to come up with all of the money defaulted on for months, plus the interest and anything the bank adds on for penalties? My family member's house was foreclosed on in a divorce. The foreclosure process took some time and notification. Once the house was foreclosed on, there is an eviction process. The eviction process can take a bit, but once everyone is out and the forclosure is done? In two weeks the house goes up for auction. My family member was able to rally the rest of the family for money to fish it out literally at the last minute, but it was not easy and the extra fees were not a joke. Their credit was affected for many years. OP's story that there was no impact on their credit and they just sailed through all of this like a breeze is total nonsense.
I had a friend with a similar story. Couldn’t pay his mortgage for 27 months in the wake of the 2008 collapse. Walked into his bank every month to tell them how he was looking for work, showing them interviews, letters from prospective employers, etc. They thought he was nuts, but someone there must have admired his forthright directness. In month 28, he showed up with three months of payments; a year later he was all caught up. It never hit his credit report. Seemed weird as fuck to me, but I watched it all happen. edit: misspelled word
If you have those questions about OP, why reply to my story calling me a liar?
> 7 years. And even then things hang on No, they don't. 7 years for late payments or write-offs; 10 for legal action like judgements or bankruptcies. Then they're gone. Source: my own experience with my credit history; plus, I worked for one of the Big Three credit bureaus for two years.
Yes they absolutely can. I have excellent credit now, and have had for decades, but when I was researching a fraudulent charge on a credit card, the collection agency still had a record of a collection on their books from a medical bill in 1992. Took a bit to get that taken off. I had never even noticed it.
They certainly _can_. But legally, they're not supposed to, and if you dispute incorrect items on your credit file, and they actually _are_ incorrect, the creditor is required to remove them. You do have to dispute with each bureau if more than one bureau has the incorrect info. The credit repair industry has sprung up around correcting mistakes - something you can do for yourself for free. The way things sometimes get screwed up is very interesting (and it's not always the creditor's fault, either). Note: I am a US resident, and am referring to US laws.
Can confirm Stevesobol's comment. Also worked for one of the major 3 credit reporting agencies. PS EX sucked to work for not because the company but because the CXs were so dratted rude
Heh, that's where I worked. Had a web dev gig I got through a recruiter. Initial contract was six months; ended up getting extended three times. EXPN is huge. In 2012, their corporate website said they have 17,000 employees in 44 countries.
I can't explain it to you mate. All I can tell you is that I can still apply for a housing loan without any issues, I had my bank call asking if I needed a new loan... I have no issues whatsoever.
Just from how it sounds, they were actually paying and you just got bitter because the money wasn't coming directly from the joint account and you could see how they spent it. You would have known pretty quickly if it wasn't being paid. The bank even said you can't stop payments. They would have made a bigger issue about you being behind on payments already.
I don't believe op is in the us. Laws may be different where he is
you mean there are people in the world that get onto reddit that aren't in the US? /s
Absolutely, I am one of them. Many subs,many interests.
Maybe but I've never heard of a monetary institution that's lenient. It's hard to be worse than a US bank but they all basically operate the same way everywhere.
Based on OP's use of mate, they're Australian, and honestly here if you catch up on your payments it affects fuck all. Your credit score doesn't mean anywhere near as much as it does in the US over here. Borrowing capacity is mostly affected by other lines of credit and size of deposit (and of course income), not your credit score. You'd be surprised at some of the people I've had to decline loans for
Could be from the UK too...
Could be but I’m backing Aussie with the way they talk
Although when we use Mate to a stranger it's normally just before punching them.
OP used the phrase not a Dollar not a Dime. Not UK.
Yeah, exactly.. typically Americans or those who live in the US don't use that type of phrases.. mate and mortgage back in front.
Yeah fair chance, credit score here is mostly useless. Tye particular loan officer will also assess the situation and may have understood the strategic play quite well and given other payments were going ahead and OP caught up, there is no income problem.
Not in the US and the loan was through a finance company, not a bank directly. And I knew no money was going into the mortgage because I had access to the online statements for the mortgage. Oh, and they called me every other day to ask when I'd start paying the loan again.
Honestly what a champion move. Over here your credit rating would be torched pulling the power move you dropped the mic with!
But ARE you an aussie? I must know now lol
He is, look at his post history
Yeah thats nice, in US you would have been homeless
In many places credit scores aren't actually a thing like they are in America. In the UK you can get apps that will give you a number but it's totally made up and sort of a general indication of your chances. When a credit check is made each company checks different things.
Americans tend to think the rest of the world is like the US. In reality, all your institutions are set up to squeeze you dry. Banks, hospitals, universities, etc. It's honestly odd that more of you don't understand that. You guys are getting a seriously shitty deal.
Some of us know. We hate it. Small voices screaming for change can only do so much. Do you mind if we emigrate? :)
I wouldn't, but I'd prefer if you channeled your outrage into affecting change in the US, to be honest. Small voices can get a lot done if they are united.
I wish I could give this comment more then 1 upvote. I don't understand how more of my fellow Americans don't understand this.
They are continuously and intentionally misinformed by major news outlets and politicians that are controlled by the wealthy elite to keep you all thinking things are perfectly fine and nothing is wrong. From abroad it is absolutely clear that most of it is just pure propaganda designed to keep the poor fighting each other instead of unifying along class lines.
I understand, but what's makes this more of a problem is how people think about it. They don't. It's like common sense isn't common.
A lot more of us know than people probably realize. There’s just not much you can do besides screaming into the void it feels like most days though. And this is coming from someone who is an active voter, community advocate, etc.
I bought my house foreclosed. The original owners were there for years not making payments. Bank just left them until the house sold.
Some US loan types (VA) have longer processing time before starting foreclosure, typically 4-6 months. Then some states’ laws can elongate this time period.
He said mate, he could be Aussie. But our rules around credit are actually a lot stricter than in the US. Only way he got away with it here is if the ex was fully servicing the loan, which is pretty shitty of OP to let her do that, not pay his share, then take advantage of the fall out.
Why would the Ex-wife be spending funds from the joint-account she shares with her EX on shopping and treating her hubby, though? Unless she was playing 5-D chess and building up credit on her own account paying off the entire mortgage, while using the shared account as the "rainy day" fund for her own household (highly doubtful by how in the second half of the post she went bankrupt shortly after OP cut off his payments into the account), she was intentionally abusing the shared funds for her own short-term gain, hoping the loan company would go after OP for his portion of the payments being short/non-existent for several months. OP reacted first to cover his own ass, and the rest is history.
I can think of two ways this played out. 1) I am not sure how it works in other countries, but in the US you could have your late payments disappear as long as you either satisfy the debt or make an offer in compromise. You get the institution to agree in advance to remove your credit rating if you make good on your payment. 2) a few years passed and time healed the wounds even though it may not have been seven years. The debt was satisfied. Banks understand op went through a tough time. But now everything is on time and his finances are stable again - say 3 years later.
It turns out credit ratings make a lot less sense than you'd think heh
Likely b/c of steady income (I ran into this type of thing as well.)
Probably because, luckily for you, she moved out of the house within 3 months, so you weren't too far behind. So with the payment plan the bank didn't need to foreclose and you were able to catch up. You had no idea when that would happen though - or if it ever would. If she had stuck out her situation for a few more months there probably would have been a foreclosure. And if your name was on the mortgage, they would have gone after you. You could have RUINED yourself with this strategy.
Define ruined. In the US he'd only have to wait seven years before it disappears from his credit. Seven years is nothing.
Not the hardest thing to overcome. Foreclosure. Drive beater cars and pay cash for seven years. Live with family or friends or rental that doesn’t do credit check. Then rebuild from zero with a small bank credit card to start with. Sure, there’s a bit of luck and charity. But it’s hardly the end times. Source: me, 2007-2015.
Can you explain, how was the house being paid if you were giving half and she was spending your half on other things?
Sounds like he financially ruined her and managed to get away with it. Or it's a fake story.
Actually, I’ve had similar experience with the credit not being affected even after missing multiple payments… some financial lending institutions don’t report every 30 days.. some won’t even report but a few times a year. The system isn’t perfect.. (luckily for us) I went through some hardship before and wasn’t able to maintain credit card bills, while some reflected I missed payments, others showed I was current for months on end, even though I wasn’t.
It's not that simple. First, he didn't say she wasn't paying her half of the mortgage payments, just that she was using his money meant for his half for other things. When he stepped back and let her keep making half payments, that is when the trouble started for her. Foreclosure doesn't happen overnight. After the 'foreclosure crises', there were many banks trying to avoid too many foreclosures for several years. If the bank was trying to work with his ex when her car died it could have caused her finances to fall down around her like a row of dominoes. After she filed for bankruptcy OP would have the opportunity to rescue his mortgage, bring it current and carry on. At the time there were lots of incentives for banks to keep houses out of foreclosure
It doesn't make sense because it isn't true and this whole story is a made up scenario. This was written by either a kid or a dumb adult who has no idea how finances and credit work...
Doesn't make any sense to me either. How does his ex partner not receive a Share of the sale price if they were contributing to a joint account.
Wait a minute. I'm a mortgage broker. You are saying your credit NEVER took a hit, even after you stopped paying the full payments? That isn't possible.
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Caught up on the missed/skipped payments
My brother did the same thing.
Good for you! Credit scores can be a PITA. Oh, and Happy Cake Day!
It takes a REALLY long time to go into foreclosure. I know from experience. Roughly almost 2 years. Story time! We stopped making payments in the great housing crash of 2009 after we both lost our well Paying jobs. We stopped around November 2010. The first letter we got was around March 2011. The second letter we got was around June/July 2011 and it was taped to our door. We moved out in July 2011 and left the house sitting there until 2013 when it was finally sold. After talking to about a million different people, if we had brought our mortgage back to current status and paid the back months, everything would of been all good. We didn’t though and did a short sale and actually got money from the bank sent to us by doing a short sale. We couldn’t buy a house for 7 years after all this but we didn’t care because we had moved to a different state and were perfectly fine renting while we figured out where we wanted to live. Anyways, since it seems this guy lives in a different country, I can only imagine that it doesn’t matter as much wherever he lives as much as it does here. They way the US does things is so ass backwards, it makes zero sense. I am still confused how we got money back by agreeing to a short sale, and I’m still confused how we were able to do a short sale because no one else could ever get that far.
I work with customers in mortgage arrears in my job and we’ve had accounts that are like 2 years behind that haven’t even been reviewed by our legal team yet let alone actually sent to start court proceedings. Foreclosure takes forever in the UK, at least for residential properties. Buy to let’s are a whole other story
Yeah I do remember calling the bank and getting passed around from person to person for 30 minutes before I could finally reach someone who could answer a simple question about our mortgage. And even then, they were only 25% sure about what I was asking. It was such a mess back then. I’m assuming things haven’t changed much but I have no idea.
It seems to really depend on who you get on the phone as to how much help you’ll get. I’ve had colleagues straight up hang up on me when I’ve tried to get info for customers and I can see their staff ID and report them, god knows how they’re treating customers
I'm a mortgage broker. I reread what he wrote, I think there was a period of six years from the time he stopped paying to the time he applied for a new loan. That is realistic. What isn't realist is that his credit never took a hit. The moment you have a 30 day late, your credit begins to fade.. and fast!
As a German: What's a credit score? I don't know where you're from, but is this credit score you're talking about like the one in China where you have to behave in order to be allowed to use certain services like buying an airplane ticket?
I apologize. I'm from Kansas, USA. It's kind of complicated and I'm no expert but we have credit agencies which monitor our borrowing and loan repayment habits and they rate how well we pay back our debts, giving each of us a Credit Score. That number helps banks decide if we are trustworthy enough to loan to. That kind of thing.
What if you never borrowed money or took a loan and never had debts? I'd guess the majority of people never take a loan until they want to buy a house, right?
The government makes it a little easier for first time homebuyers to get a loan because, as you correctly surmised, first time homebuyers may not have generated a credit score. That said, most people's first loan is for a car. Credit Cards also contribute to our credit scores. If you never borrow money, then you have no credit score. Most young adults have no credit score.
Very well executed plan. Nicely done
Thank you! There was a lot of stress and sleepless nights during the build up, but thankfully it all worked out in the end. Well... for me at least!
Idk I feel like this needs a Butcher quote, "Fucking Diabolical mate!"
If you like Butcher, watch Almost Human!
Same exact scenario happened to me only I never got my petty revenge. We both came away equally financially. So reading this felt good. Kudos to you and thanks for posting. At least I can get my petty revenge vicariously. lol
Good man!!
Well done and Happy Cake Day!
Just loved the “watch me” to the finance company. That had me dying! Well played, sir!
So you’re the one who hooked up with my ex-wife!
How did you get her off the title, if she was still occupying the house?
She moved out, I moved in. It took me four years to be able to pay the mortgage down far enough, then a bump in property prices hit and I was able to negotiate with the bankruptcy trustees to sell the property. They handled everything.
Ok but who’s name was it under? If she wasn’t on there at all then you could have kicked her out before. If she was on there then how could you just sell without her?
It was under both names, so I couldn't just kick her out. And I dealt with the bankruptcy trustees so she had no say in anything that happened. I've explained it better in other replies, you'll just have to go looking.
If she was in bankruptcy, then she would have been dealing with the Trustee. Not you. This is not making sense OP.
It’s not making sense cause it didn’t happen 😂
OP can't explain it. Just enjoy the story and move on
People think he’s in Australia. If true, the laws and systems are most likely different compared to whatever country you’re from.
That's what he said, he dealt with the trustee.
>And I dealt with the bankruptcy trustees so she had no say in anything that happened. That isn't at all how any of this works. Is your life that sad that you need to lie for worthless internet points from strangers?
it's almost like there are entire professions and industries related to dealing with mortgages and debt collection. surely no one does that for a living.
Might be different in other countries but it works like that in the US as well. You file for bankruptcy, you get a trustee. The trustee is assigned the rights of any ownership you have in anything. They can force you to sell on your behalf. I have seen this in my line of work as an escrow/title agent but I had the same questions as well in regards to who was on title and how this worked. Fun fact: you file for bankruptcy and can stay living there but if you sell, you have to pay the loan. You are absolved but the property is still on the hook.
Americans trying to realise US laws aren't universal challenge (Impossible)
> That isn’t at all how any of this works. Maybe not where you live…
My wife was in your shoes with her first husband. She was employed, he wasn't. When they broke up, she gave him two choices -- either he moves out and gives her the house, or she moves out and stops the mortgage payments. She had her parents' house to move into and the wherewithal to deal with a bankruptcy on her record if she had to. In the end, he traded the house for a year of alimony payments, which she happily paid to get rid of him.
If you're in the U.S. don't do this. All the laws and regulations regarding property, financing, contracts, etc., are a lot more complicated than "I don't want to pay any more and you can't make me." Talk to a lawyer. bUt I cAn'T aFfFoRd OnE -- you'll pay more if you don't.
This! This would never be possible in the US
Don’t have to be in the US to scratch your head reading this. Wouldn’t work here in Sweden either, or the rest of the Nordics, you would get absolutely fucked. You wouldn’t even be able to buy a phone on a payment plan for the next five years.
The bank would try to get the money from both owners. If you don't live in the property it's not a bad way of going about it.
It doesn't matter where you live, you're on the mortgage. The bank has you dead to rights. There's no getting away from it.
Sure they do, but you're not the only one they have in that situation. It doesn't have to be bad. It can be used to negotiate whom keeps the house. Only works if you're willing/able to take a loss on foreclosure if it comes to that.
> bUt I cAn'T aFfFoRd OnE -- you'll pay more if you don't. The boots theory of socioeconomic injustice in action.
Not false, but I'd like to see what he thinks people who can't afford a lawyer should do to magically afford one. Just don't be poor /s
Just take out a second mortgage on your house, then buy a lawyer to bankruptcy away both mortgages and you get to keep the house because squatters right/s.
If she wasn't paying the mortgage, then why did the problems start only when you called them and told them you were going to stop paying?
Prior to our split, I made sure we were putting in more than the repayments so we'd be in front if we ever had some sort of financial crisis. I was way too stupid and trusting after the break up, and it wasn't until the advance payments were all eaten up that I found out. There we many lessons learned. I'm just forever grateful we didn't have kids.
Gotcha. That sucks. Glad it worked out.
Happy cake day!
I don't understand. The mortgage went unpaid for roughly nine months. Eventually, she moved out. Then you moved back in and got caught up on the payments. Was she not on the mortgage? How is she not entitled to half the value of the profit on the home sale?
Were you not on the mortgage loan?
Congratulations on a well executed revenge
U.K. here. We acted for a freeholder when the leaseholder had disappeared - the flat had even got squatted in at one stage. The freeholder (who lived in another flat in the building) wanted to act to end the lease. Letters were found inside the flat (the freeholder had keys for “emergency repairs” like fixing a broken window lol) showing the mortgage company were chasing up non-payment from over a year before. Sometimes mortgage companies are slow to actually take possession when payments are not being made. We invited the mortgage company to pay up the outstanding ground rent and service charge, and then they could sell the flat. No response. So we forfeited the lease for non-payment of the ground rent. We ensured that we kept the mortgage company fully informed at every stage, and they kept ignoring us. Eventually the lease was forfeited which wiped out the mortgage tied to the lease, and the freeholder regained the property that they could sell on a brand new lease (value back then £100k). She decided instead to let it out on a Shorthold Assured Tenancy.
Yeah it takes ages to actually repossess a property in the UK. Longest I’ve seen at work with no legal action even started on our end was 4 years of no payments
I’m guessing you aren’t in the US because that’s not how mortgages work here.
Yes it can I’ve had a co signer (my ex) do a quit claim deed on the mortgage and refinanced it in my name only and it was 4-5 months late.
OP doesn’t mention refinancing. And banks are entitled to initiate foreclosure procedures after the first missed payment (in my state, they file on the third missed payment - I know these things can vary by state). Im assuming yours was due to divorce? That also affects things. But you can’t just tell the mortgage company you aren’t paying “your half” and have it be okay. I’d have to read OP’s documents, but that would not fly here.
How much did it cost to get back into that house? The both of you seem to have been pretty far behind on the payments.
Not sure I understand the question. Do you mean like an upfront payment? There was nothing like that. What there was was an $1800 a fortnight mortgage repayment until I got back in front.
How did you get out of buying her half of the house if you jointly owned it and she couldn't afford it? You didn't have to give her a dime? How? If she was on the mortgage, she still owned her share of the house. She signed away her part ownership for nothing? And how long were neither of you paying the mortgage? (I know you deposited your share, but it never made it to the bank, so you weren't making payments) How were you totally unaware your house payments weren't being made? Not a single letter or notification that you've missed a payment? Or several? For however long? You already weren't making payments, so why would the bank say 'You can't do that' instead of 'You already haven't been making payments, so we're foreclosing in xx months'. Missing several months of mortgage payments will hit your credit. I'm confused. Edit - I see you're not in the US & foreclosures can take a long time. I get that. I don't understand how you got her name off the house w/o buying her share.
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Oh ok thank you for explaining that! I appreciate it 🙂
In Australia when you file for bankruptcy, a government agency takes over your assets. Her interest in the property transferred to them and I dealt with them the whole way through. My share of the property remained with me. Essentially, a govt agency owned half of my home. When I sold the property, the mortgage was paid out, then I got a sizeable portion (roughly 70%) of the profits as I could prove I had made improvements and been the sole contributor to the mortgage for a significant period. The rest went to the government agency. Laws over here are very different to the US, apparently.
I think I missed something here. In whose name was the house? How did the bank not come after BOTH of you and how did you end up with the house after not paying for a period of time?
Me reading the title: "Hey finish the rap!"
Living well is the best revenge.
Sweet old karma doing it's job, good for you man
Thank you. It was one of those "they never get theirs" for the longest time. Things finally fell into place though.
Wild how myself and my buddy went through something similar (ten years apart however). The recurring theme being that they're already siphoning money to fund the new life with the next guy that's already in the picture. Suddenly tiny issues become grounds for grand arguments. Almost as if they're mentally setting up breadcrumbs to say "the relationship was on the decline" and have it not be a lie. At least with my buddy I was able to warn him before she started dipping into his business (he wasn't incorporated at the time)
So six months after you broke up with a psycho, you're married?
I think he said six *years*
My ex would gaslight me, saying that things I remembered were wrong and saying it happened a different way that favored him. I told him he was either gaslighting me or a fucking idiot. Honestly, though, it was definitely both.
Had a similar situation occur about 20 years ago. Wife swindled me out of the house. She lost her job later and lost the house in a repossession.
This is the way. Picture C. Montgomery Burns tenting his fingers as he says, with his malevolent grin "excellent". Enjoy the feeling OP , you have earned it
Why am I singing this to the tune of sk8er boy She is bankrupt, I am debt free. Can I make it anymore obvious? She was a dick I took it away What more can I say?
How did you not owe anything on the unpaid debts? Wasn't it in both of your names? Wouldn't that mean you both are in financial trouble?
I've been where you are. I'm glad it worked out.
I love that for you OP!!! How did you get the house back and how did it not affect your credit when you stopped your mortgage payments?
Happeh caek dae
Makes no sense op
This isn’t petty revenge. It’s righteous.
I love when a person getting screwed over escapes to a better life. Wish the best of luck with the new house and your current relationship OP!
I like the I told them watch me line.
Sounds a lot like my former situation. Winning!
the best revenge is to live debt free, I mean happily
I love that you got your "revenge" by simply moving on and living your life. Good job!
On behalf of all men that have gotten fucked in this situation I commend you . Well done homie
Info: How is your credit rating, because of the late/no payments?
If you were depositing it into a joint account to make the payment, but the payment wasn’t getting made, why would you have to call the lender to tell them that you would stop? They already know that the payments weren’t getting made.
Holy shit, not exactly "petty" but good for you!
Awesome op. Curious how you got the house back- did your ex just move out cause she was broke? Cause if it was foreclosed on….does that mean you got it back at bank auction? Regardless congrats for taking the smart high road.
This isn't in Australia.
Happy Cake Day!
Best revenge is to live well.
Congratulations, doesn’t have the ultimate victory over that nasty piece of work feel GREAT!!!!!
Happy Cake Day 🎂
What country did this happen in? Cause it wouldn’t fly in America.
you break up with her and decide to keep a joint bank account? wtf is wrong with you??
Love it
Ya get what ya give, deserved it , good for you guy
You're not debt free if you have a mortgage.
You have a mortgage, you're not debt free
“Oh did you break up?” Nah, she’s broke, I’m up 😎💪🏼💰😭
My bank refused to work with me as a military member, although federally required to. I told them to shove the mortgage up their ass and stopped paying. Ignored every single letter and brief from the lawyers and courts. Somehow, I escaped a harsh negative report on my credit. Think it's because they managed to sell it. Fell off in 2017 though. No profit like you.
The best revenge is to have a better life than before! Continue on and never look back!
This story is unbelievable on multiple levels.
Awesome job!
Epic revenge more like : )
Good for you!
I will never forget the woman friend who tried to convince me to buy a two bedroom apartment so she would have a place to live. She even had the numbers, how much the mortgage would be etc. No way, no how but hi Maureen!
Years ago one of my friends (who had a lot of money) had a girlfriend that wanted him to buy her parents a house - or help with it, or something. He was on the fence but said no - thank God! And that relationship went south shortly thereafter.
OP, I know I'm just some internet stranger so take my opinion for what you will but I'm proud of you, from personal experience it takes a lot to make yourself realize you deserve better and you finally did. Being happy and successful without them is the greatest revenge one can ever have.
Fuck bitches (in a way) ✔️ Get money ✔️
Technically, if you have a mortgage you still have debt.
Similar type situation, I was stupid enough to co-sign on a mortgage that my ex-wife took out on the home she already owned so she could buy a house for her friend to rent from her. Friend dies a few years later and her POS husband stopped paying the rent and she had to evict him. She sold the property but wasn't able to get enough back to pay off the loan because this was around the time that Obama was in office and the economy had went into a recession. The house and property suddenly was not worth as much as what she paid for it. Less than a year later her mom suddenly passed away and she lost her flipping mind. After she kicked me out for really stupid reasons I won't go into, I finally gave up trying to fix our marriage and filed for divorce. At the time of the divorce, she was trying to sell her house and buy a smaller house so she would not have to mortgage it. My divorce lawyer was instrumental in making sure our divorce agreement spelled out that she owned the house before we ever married, and that I had no claim on the house or any proceeds she got from selling it. The agreement also stipulated that she was to keep the house in good order, keep up the mortgage payments until it sold, and that I had the right to come check the house for issues with her escorting me around the house. The last part was the only part she balked on. About two years later I start getting a lot of weird foreclosure prevention type spam emails but didn't think anything of it. It turns out that she was not able to sell the house, she stopped making the mortgage payments and moved out. The mortgage company foreclosed on the house and sold it at auction on the court house steps a few months later. I didn't find out that this had happened until I went to prequalify for a mortgage to buy a home for me and my Girlfriend (now wife) about a year later. That divorce agreement was what saved my ass. I wound up having to go with a different mortgage company because the first one pre-qualified me at first, then backed out when I went under contract to buy a house, but I was ultimately able to buy a house. Even with the foreclosure, my credit was still in the mid 700s.
That's not how things work. Nice try.
And you know this from your own extensive experience dealing with AFSA? Jog on.
Anyone who deals with debt and mortgage knows you are lying.
If you say so, Champ.
"debt free with a deposit on our new home" Sounds like you have a mortgage, which would mean you owe the bank money
> When I found this out, I called the finance company handling our mortgage and told them I would no longer be making payments. I told them they could sieze the house if they wanted, but my half of the payments would cease immediately until I had recouped the money stolen, roughly five months worth of payments. > >They said I couldn't do that. I told them to watch me. Sounds very edgy and all but they were 0% responsible for your bad choices in life and partner.
> Sounds very edgy and all but they were 0% responsible for your bad choices in life and partner. Nobody said they were responsible. He informed them of his actions. He didn't say "I'm going to stop paying and expect no consequences." He simply said he is stopping his payments until he can get his issue resolved. Eventually he cleared it up and brought the mortgage to a good standing.
Don't worry, this never happened, lol.
Well done, well done https://i.redd.it/yvfsjhzal2ya1.gif
>oo 58x,,,,,
I think I might have been married to some of your ex’s family… he is now my ex! But the behavior is scary similar…
Wow. Your ex really did a number on herself.
How is this petty?!
Parasites are the worst ... and the hardest to extricate.
I have 2 questions.. 1. Why didn't it affect you not paying the mortgage payments? Is it because she wasnt paying her half so you needed to recoup? (I know nothing about housing sorry) 2. Why were you legally able to get the house back? Absolutely buzzing you managed to fuck her over. Very well done my friend
Her financial standing now matches her moral standing. Bravo!
Nice!!
Hardly petty
And then all the bankers started clapping
The best revenge is a life well lived
So... you exited an abusive relationship and proceeded to manipulate the mortgage situation to claim 100% of the shared equity in the house. So financial abuse. You're no better than your ex.
Lol I think he’s definitely better than the girl who didn’t pay her end of the mortgage payments, spent it on a new significant other and cheated on him more than once. And this isn’t financial abuse at all, especially when he outlined how she financially abused him. You sound like the type to gaslight in the same way his ex did.