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10/10/2024 7:41:46 PM EDT
[#1]
My advice is take a breath and stop. Stay stopped for a week or two! My divorce sucked, took 3.5 years to resolve. I learned to calm down. She wants her money, let her wait. She will get it when you get your issues resolved . Let her rant and rave if need be, you, proceed in a orderly and calm manner!!!
10/10/2024 7:44:03 PM EDT
[#2]
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I don’t still pine for her. I wish she’d never gone off the rails and done all the things that hurt my family, and I wish I was still happily married and employed in my career.

But it’s done, done, not ever gonna be that way.



Everyone keeps asking about the amount. It was decided in the divorce decree and we agreed upon an amount to buy her out. $120,000. The property is easily worth twice that.

Yeah I want to keep it. We worked our asses off to buy it back in 2014 and it’s the only thing I have left. If we sell it, where do I go? Where does my daughter go. I’ll never be able to afford another piece of property this size. We have poured our hearts and souls into this place. I’ll be damned if I’ll be forced to sell to appease my ex.
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Sometimes life hands you a big shit sandwich. You don’t need 120 acres to make your life complete. I have 10 acres around my rural cabin and there are places on the property I haven’t ever set foot in-I’d imagine it’s the same for you….. I get wanting to keep what you have but you’re probably going to have to take a big’ ol bite of that sandwich. If your place is easily worth double the $120k you owe her, and land is that cheap in your area, sell it, cash her out, and get something else. Sometimes life isn’t fair and it isn’t hard-lord knows I’ve seen my share of it.

Life handed you a raw deal, salvage what you can and move on. It is clear that you won’t be able to manage your way out of this within the limitations you are working with. Admit that to yourself and make a new plan-because the only way this is going to go from this point out is a judge forcing you to sell the property at the court’s convenience, with the court’s methods, and you’ll get even less money to start your new life.

Hope you’re still hungry.
10/10/2024 7:47:57 PM EDT
[#3]
Mortgage on 120k about 11 or 12 hundy? Whats the problem thats like a third of your income.
10/10/2024 7:48:23 PM EDT
[#4]
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Sell it, go buy an RV to live in while you build yourself a new stabin cabin on some property with the money from the sale.
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This actually isn’t a bad plan-I did this…. Well, I paid the Amish to build me a cabin.. completely off grid with solar, a well, etc. Everything but the cabin structure was done by me except the help I got from a buddy putting the woodstove hearth in. And I’m not the handy type. Even the solar system was easy to figure out.


In a year or three OP could be living on paid for property with no bills but taxes and insurance for the rest of his life. But, somehow it’s better to try to hold on to more land than he needs even if it means having a $1000 bill every month he has to shit up.
10/10/2024 8:02:12 PM EDT
[#5]
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We got a GREAT price on it back in 2014. 166 acres, all mountains and forest, about five acres flat around the house and outbuildings. Back from the 50’s thru the late 80’s there was a commercial chicken farm here, I have a 90’x330’ metal pole bs behind the house full of old chicken cages. The old man who owned the property died in 2013 and his kids just wanted the property sold. They offered to take $20,000 of the original price of $179,000 if they could leave the barn up, so we agreed. I used the $20,000 we saved to go to school and get my nursing degree.

Honestly I don’t know if it could be subdivided, it’s mountains and cliffs along the perimeter, not a lot of places to access the property.

We started to slowly renovate the house, but when my wife left I just fell apart. I stopped trimming the trees, let the forest creep in and overgrow everything. I just didn’t care. Struggled with depression, crawled into a bottle a few times but I never much had the taste for booze, I just can’t keep at it enough to be an alcoholic. I tried but it just didn’t work. I gave up and just crawled into bed every night.

I’m trying to push myself out of it. I have to save it, I can’t afford to lose it and I’m terrified that’s gonna happen.
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I hate to be the one that says it but that’s exactly what you’re heading toward.

That why I (and others) say you need to sell it. Use the money to buy a small house in an area with better jobs available so that your daughter has a place to live and you can actually make a living.

Your gollumesque obsession with that property is ruining you.
10/10/2024 8:05:33 PM EDT
[#6]
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Mortgage on 120k about 11 or 12 hundy? Whats the problem thats like a third of your income.
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This is the crux of the problem. Even if OP could get the mortgage, he won't be able to pay on it if he is tapped out right now. At 19 per hour, that's 3200 per month before daddy gov takes a cut, which at that income might leave him 2500-2700 per month.

OP, you gotta do something to increase your income. $19 per hour is basically unskilled beginner labor wages now. But, if land is that cheap where you are at, it may be an area that is poor for jobs which points that it may be time to sell and move on. Sell it and take your 120k and start over in a new place with a new job. It's not a terrible position. However, if you really want to keep the property, you realistically need to double your income. If you can't do that, because the jobs are limited in your area or you are just unwilling to put the effort forward to get a better paying job, then it's time to sell.

Sorry to be blunt, but sounds like you wasted the last few years. If you keep on this path, you will continue to waste your most valuable asset; time. You need to make some changes...people here have given you tons of good advice in this and your other thread. Now it's on you to do it.
10/10/2024 8:07:28 PM EDT
[#7]
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That’s accurate. I agreed to buy her out in the agreement, and when I lost my job she told me that I should take as much time as i needed to get back in my feet. She’s really not pushed it these last two years but after she lost her home last month I guess she decided the time is now.
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I'm probably missing something, and I haven't read all posts, but I do see no mortgage and property is owned 50/50 by you and woman.  The value of the house is about $240k and you need $120 to buy her out of her half of it, and once you do that, you'll own the house 100%, is that an accurate summary?




That’s accurate. I agreed to buy her out in the agreement, and when I lost my job she told me that I should take as much time as i needed to get back in my feet. She’s really not pushed it these last two years but after she lost her home last month I guess she decided the time is now.


Tough shit.
If you don't have any legal deadline, she can go piss up a rope. She lost the right to tell you what to do when she decided to screw other men.
Why do you give in to every whim that woman comes up with?

Why do you have to even get a mortgage? Just set up a payment schedule. Why pay interest?

Why do you get yourself all worked up about her problems? I can tell you, I sleep just fine knowing my ex hovers around the poverty line. She isn't your problem.
You don't have to wish evil on her, but you shouldn't destroy your finances to please her either.
10/10/2024 8:10:30 PM EDT
[#8]
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He doesn't own it. He owns half of it, basically, and in doing so he's tied to one of the most evil women we've ever read about.



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Are you serious?  A go fund me for someone that owns their home already. That is ridiculous and a sign of the time we live now.


He doesn't own it. He owns half of it, basically, and in doing so he's tied to one of the most evil women we've ever read about.




This. The guy has been kicked in the nuts enough. One of the great things about this forum is the people that have helped one another. I’m on strike at the moment but I’d be happy to kick a few bucks to the OP. He’s a solid guy who has been trying to rebuild his life at no fault of his own.
10/10/2024 8:52:12 PM EDT
[#9]
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And no matter what she does, he still pines for her. He goes out of his way to acquiesce, to her even when, no matter how unreasonable.

At first I was sympathetic to the fix he was in but over time became less so. It's been the same story for years, possibly over a decade.
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Yeah this is an ongoing soap opera.  I feel bad for him but there's too much emotion involved and he's not thinking rationally.
10/10/2024 8:56:07 PM EDT
[#10]
I’m really struggling to come up with ways to keep the house and land. I’m struggling with asking for assistance. I’m  not sure how to ask for help or how to raise funds, but I’ve got a Springfield SOCOM 16 with a Burris MTAC and an Arms mount. It’s had maybe fifty rounds through it. Wife bought it me for our last anniversary before leaving me. Is there any way we could do something with it here in Kentucky? I’d even sell it through a Kentucky FFL . I’ve never raised funds or anything like that, does anyone know the rules and/or process for doing something?  I don’t want to violate any rules here, just trying to come up with ideas.
10/10/2024 8:56:55 PM EDT
[#11]
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I don't still pine for her. I wish she'd never gone off the rails and done all the things that hurt my family, and I wish I was still happily married and employed in my career.

But it's done, done, not ever gonna be that way.



Everyone keeps asking about the amount. It was decided in the divorce decree and we agreed upon an amount to buy her out. $120,000. The property is easily worth twice that.

Yeah I want to keep it. We worked our asses off to buy it back in 2014 and it's the only thing I have left. If we sell it, where do I go? Where does my daughter go. I'll never be able to afford another piece of property this size. We have poured our hearts and souls into this place. I'll be damned if I'll be forced to sell to appease my ex.
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I wish you would listen to yourself.  

Get it through your head right now, that property isn't yours. You think it is, but it's not, because you can't afford it at this point.

You will go where life takes you.  Find a 2 bedroom apartment somewhere and live there, you'll still have your daughter, and you will be free of the shrew.  Eventually you might get back to this level but who knows.  That's in the future and you're just worried about now.
10/10/2024 9:02:46 PM EDT
[#12]
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I'm really struggling to come up with ways to keep the house and land. I'm struggling with asking for assistance. I'm  not sure how to ask for help or how to raise funds, but I've got a Springfield SOCOM 16 with a Burris MTAC and an Arms mount. It's had maybe fifty rounds through it. Wife bought it me for our last anniversary before leaving me. Is there any way we could do something with it here in Kentucky? I'd even sell it through a Kentucky FFL . I've never raised funds or anything like that, does anyone know the rules and/or process for doing something?  I don't want to violate any rules here, just trying to come up with ideas.
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What is the total you need to raise? Previously you said "I have to pay some bills (insurance, taxes, legal fees) before I can get a mortgage. It just seems impossible. Got some unexpected bills etc in the mail and it just threw me into panic mode." What is the grand total of all that?

Does $1500 or whatever you would get for selling that gun even put a dent in what you need to raise?

How will you pay for the mortgage if you were able to get it on your current salary?
10/10/2024 9:07:17 PM EDT
[#13]
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Yeah I want to keep it. We worked our asses off to buy it back in 2014 and it’s the only thing I have left. If we sell it, where do I go? Where does my daughter go. I’ll never be able to afford another piece of property this size. We have poured our hearts and souls into this place. I’ll be damned if I’ll be forced to sell to appease my ex.
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You can't keep it. You can't afford it. Sell it, buy a place, and that's where your daughter will go. Seems pretty straightforward even if it's not the solution you want.


My father in law went through the same shit and was in denial too. In the end he lost the house, lost a lot of money, and gave himself an ulcer purely from being stubborn/in denial.
10/10/2024 9:11:44 PM EDT
[#14]
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I wish you would listen to yourself.  

Get it through your head right now, that property isn't yours. You think it is, but it's not, because you can't afford it at this point.

You will go where life takes you.  Find a 2 bedroom apartment somewhere and live there, you'll still have your daughter, and you will be free of the shrew.  Eventually you might get back to this level but who knows.  That's in the future and you're just worried about now.
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No shit. Time to sell and move the fuck on op. I lost everything in my divorce. I now live in a cheap 2 bd third floor apartment surrounded by illegals.

Ya wanna know something? I’m ok with it now. Sometimes a guy has to admit “defeat” cut his losses accept what is possible not what’s desirable and make the best of it. Granted my financial situation is vastly different and my kids are grown and on their own but I stand by my statement.

C’est la vie dude.
10/10/2024 9:19:48 PM EDT
[#15]
can you sell timber?
or a few house lots?
10/10/2024 9:23:29 PM EDT
[#16]
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Tough shit.
If you don't have any legal deadline, she can go piss up a rope. She lost the right to tell you what to do when she decided to screw other men.
Why do you give in to every whim that woman comes up with?

Why do you have to even get a mortgage? Just set up a payment schedule. Why pay interest?

Why do you get yourself all worked up about her problems? I can tell you, I sleep just fine knowing my ex hovers around the poverty line. She isn't your problem.
You don't have to wish evil on her, but you shouldn't destroy your finances to please her either.
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Even if there's no legal deadline yet, there certainly will be one soon if she takes him back to court. Then he can add more legal fees to the list of things he can't afford.
10/10/2024 9:24:35 PM EDT
[#17]
I’ve seen enough of OP’s threads/comments that it seems to me he’s kind of addicted to chaos/drama, why he posts about it constantly is another curiosity…
10/10/2024 9:25:09 PM EDT
[#18]
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No shit. Time to sell and move the fuck on op. I lost everything in my divorce. I now live in a cheap 2 bd third floor apartment surrounded by illegals.

Ya wanna know something? I'm ok with it now. Sometimes a guy has to admit "defeat" cut his losses accept what is possible not what's desirable and make the best of it. Granted my financial situation is vastly different and my kids are grown and on their own but I stand by my statement.

C'est la vie dude.
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I wish you would listen to yourself.  

Get it through your head right now, that property isn't yours. You think it is, but it's not, because you can't afford it at this point.

You will go where life takes you.  Find a 2 bedroom apartment somewhere and live there, you'll still have your daughter, and you will be free of the shrew.  Eventually you might get back to this level but who knows.  That's in the future and you're just worried about now.


No shit. Time to sell and move the fuck on op. I lost everything in my divorce. I now live in a cheap 2 bd third floor apartment surrounded by illegals.

Ya wanna know something? I'm ok with it now. Sometimes a guy has to admit "defeat" cut his losses accept what is possible not what's desirable and make the best of it. Granted my financial situation is vastly different and my kids are grown and on their own but I stand by my statement.

C'est la vie dude.
Many guys coming out of a divorce would love to have 100k in the bank and every choice possible on where to live and start fresh. Based off what OP has said, that's what he would have if he sold the place and paid off his ex. Of all the possible outcomes of a divorce, it's not a terrible position. Yes, it might not be how you envisioned your life OP, but this is your reality now and you can choose to make the best of it.  

It seems like it might suck, and maybe it does for a while until you come to grips with it, but you will be ok and in a better position.
10/10/2024 9:29:03 PM EDT
[#19]
Sorry for the situation you’re in, but you need to sell the place and finally get your ex out of your life.
10/10/2024 9:31:47 PM EDT
[#20]
Being able to pay for something and being able to afford something are two entirely different things. OP cannot do either. Even if he is by some miracle able to buy the house how is he going to be able to replace the 30 year old roof? And he's already stated that he probably will not seek reinstatement of his RN license when eligible so his income is very likely to remain static while his expenses continue to increase.
10/10/2024 9:32:49 PM EDT
[#21]
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can you sell timber?
or a few house lots?
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Once I’m the owner, yes. At this time I’d still have to split any sales with her and get her consent. I know it was timbered (per the sellers) around 1990. Again, due to the terrain and limited access points I don’t know how developable lots would be. We originally wanted to build a second home for my son but the only flat spot big enough for a second house is up on top of a cliff. No easy way to build a road up there.
10/10/2024 9:38:25 PM EDT
[#22]
Do you know anyone that might be interested in renting?
Having a roommate can be a bit of a pain, but if it brings in a few hundred extra a month it might make all the difference.
10/10/2024 9:43:07 PM EDT
[#23]
I’m amazed at how brutal people are here.

OP might be better off in a better area with better jobs but nobody here *knows* that.

OP figure out what’s best for you. People here are thinking purely in terms of income, not cost of living or the cost of moving his children to a new life.
10/10/2024 9:49:36 PM EDT
[#24]
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You can't keep it. You can't afford it. Sell it, buy a place, and that's where your daughter will go. Seems pretty straightforward even if it's not the solution you want.


My father in law went through the same shit and was in denial too. In the end he lost the house, lost a lot of money, and gave himself an ulcer purely from being stubborn/in denial.
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If OP and his daughter have a good relationship, she can go to work and help him keep their “family” land by getting a job and contributing and taking pressure off of Dad. She’s an adult now, not a kid.
10/10/2024 9:53:03 PM EDT
[#25]
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I’m really struggling to come up with ways to keep the house and land.
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Offer her $25k now for a quit-claim or the previous amount when you can, at some point in the future.
10/10/2024 9:55:23 PM EDT
[#26]
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Once I’m the owner, yes. At this time I’d still have to split any sales with her and get her consent. I know it was timbered (per the sellers) around 1990. Again, due to the terrain and limited access points I don’t know how developable lots would be. We originally wanted to build a second home for my son but the only flat spot big enough for a second house is up on top of a cliff. No easy way to build a road up there.
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You’re thinking about everyone but yourself here. Why? Your son getting a second house is a wayyyyy distant second place goal to you having a clean break with your ex wife and getting into a stable future. It is not your property. It is not your house. Stretching into some sucker’s note on a new mortgage and trying to swing it will mean you’ll never retire, especially if you aren’t smart enough to get your nursing license reinstated.

We don’t get to go thru life on only our terms.
10/10/2024 9:56:34 PM EDT
[#27]
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If OP and his daughter have a good relationship, she can go to work and help him keep their “family” land by getting a job and contributing and taking pressure off of Dad. She’s an adult now, not a kid.
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You can't keep it. You can't afford it. Sell it, buy a place, and that's where your daughter will go. Seems pretty straightforward even if it's not the solution you want.


My father in law went through the same shit and was in denial too. In the end he lost the house, lost a lot of money, and gave himself an ulcer purely from being stubborn/in denial.



If OP and his daughter have a good relationship, she can go to work and help him keep their “family” land by getting a job and contributing and taking pressure off of Dad. She’s an adult now, not a kid.


Instead of going to school or working towards her own place?

That's the same manipulative language my FIL used to try and get my wife to save the house he couldn't afford. Of course it really was "family" property as it was in the family for 3 generations, not just ten years. It didn't work either.
10/10/2024 10:00:58 PM EDT
[#28]
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I’m amazed at how brutal people are here.

OP might be better off in a better area with better jobs but nobody here *knows* that.

OP figure out what’s best for you. People here are thinking purely in terms of income, not cost of living or the cost of moving his children to a new life.
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Unfortunately, OP has a mathematical/financial issue that emotion cannot overcome. That's reality, not brutality. OP could divest himself of the house and land, walk away with cash in his pocket, find a less expensive place, get his shit together and regain his license, and triple his current income in the next few years.
10/10/2024 10:02:17 PM EDT
[#29]
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can you sell timber?
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I’d be interested to know how much he could sell 50 acres for. Around here the absolute bottom of the market for undeveloped land is 2.5-3k.
10/10/2024 10:04:59 PM EDT
[#30]
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Once I’m the owner, yes. At this time I’d still have to split any sales with her and get her consent. I know it was timbered (per the sellers) around 1990. Again, due to the terrain and limited access points I don’t know how developable lots would be. We originally wanted to build a second home for my son but the only flat spot big enough for a second house is up on top of a cliff. No easy way to build a road up there.
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can you sell timber?
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Once I’m the owner, yes. At this time I’d still have to split any sales with her and get her consent. I know it was timbered (per the sellers) around 1990. Again, due to the terrain and limited access points I don’t know how developable lots would be. We originally wanted to build a second home for my son but the only flat spot big enough for a second house is up on top of a cliff. No easy way to build a road up there.

What’s the building made of? Can you sell it for scrap? What about the chicken cages, they have any value?
10/10/2024 10:07:45 PM EDT
[#31]
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I’d be interested to know how much he could sell 50 acres for. Around here the absolute bottom of the market for undeveloped land is 2.5-3k.
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can you sell timber?
or a few house lots?

I’d be interested to know how much he could sell 50 acres for. Around here the absolute bottom of the market for undeveloped land is 2.5-3k.

You can't sell something you don't own.
10/10/2024 10:09:14 PM EDT
[#32]
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Unfortunately, OP has a mathematical/financial issue that emotion cannot overcome. That's reality, not brutality. OP could divest himself of the house and land, walk away with cash in his pocket, find a less expensive place, get his shit together and regain his license, and triple his current income in the next few years.
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I have to go with this.  I just don’t see how this works out financially for OP based on the current reality.  

I absolutely understand why OP wants to keep the house and property, but it’s time to move on.  Half the proceeds will give you a way to pay off your bills and have funds available.

10/10/2024 10:11:25 PM EDT
[#33]
I’m going to restate a couple things. She can wait. Yes they can force the issue but that takes time. Things suck right now, but it gets better. If you own, you have options.

The banks are happy to risk a loan on half for a property they will own if you default. First try any bank you’ve had in the past if you have a good history with them. You might find an investment co that would have someone that would loan to you. Probably a little higher interest, but if you want to keep your place, it might be worth it.

I had to buy mine from my ex right before it was paid off. I literally made the final payment just to take out another mortgage. It was a 6.25% loan. I was nervous about making the payments but I managed it. And didn’t have to take a second job. But my fun budget was about zero. You will get through it, one way or another.
10/10/2024 10:12:27 PM EDT
[#34]
Not the same situation as you, but about 8 years ago I lost my job (the whole department was let go). I was in an area where I couldn’t match my salary if I stayed (N MS). I hated selling the house and uprooting the family. It was the best decision I could have made. I make over two times what I did.

I don’t know your faith. I’m a Christian. ,u wife and I prayed about selling and moving and we were both at peace with it. Neither of use wanted to move, but we knew it was the right thing. Pray about it, you may be fighting a battle you aren’t supposed to win. God may have better things in store for you. Or He may provide for your needs.

I miss my land, but my family is better off where I am now.

My point mainly is this, besides seek God, don’t held on to the land and house to the point it hurts you. It’s just ground and a building. It’s not who you are and not your life.

That being said, sell what you have to to do what you need to do. Part of that move was selling some gun stuff I didn’t have to have, to finna w things. Don’t let stuff stand between you and living your life. If you do that and still need money, get a second gig, Grub hub, labor ready, whatever you have to do. Work hospice on the weekends, with your medical background that’s doable.
10/10/2024 10:15:02 PM EDT
[#35]
Sell the house, pocket your half of the money and move on.
You can drag it out this way as the market is kinda flat and buyers aren't flush with cash and low rates. That buys you time.

If the judge is forcing your hand, use the proceeds for a bulldozer and some welding supplies.
10/10/2024 10:16:11 PM EDT
[#36]
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There’s a member here who’s a mortgage broker who’s helping me.

But I’m talking literally money to pay taxes and insurance just to get the loan. I’m talking money to pay for repairs just to get approval for insurance. Looking at not being able to pay for electric and furnace fuel for the winter.

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If you are that tight how are you going to afford all of that AND a mortgage?
10/10/2024 10:17:37 PM EDT
[#37]
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I don’t still pine for her. I wish she’d never gone off the rails and done all the things that hurt my family, and I wish I was still happily married and employed in my career.

But it’s done, done, not ever gonna be that way.



Everyone keeps asking about the amount. It was decided in the divorce decree and we agreed upon an amount to buy her out. $120,000. The property is easily worth twice that.

Yeah I want to keep it. We worked our asses off to buy it back in 2014 and it’s the only thing I have left. If we sell it, where do I go? Where does my daughter go. I’ll never be able to afford another piece of property this size. We have poured our hearts and souls into this place. I’ll be damned if I’ll be forced to sell to appease my ex.
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I'm curious... does this sudden need to buy her out have anything to do with the ex-wife's current home burning down a month or two ago?

Something tells me that she needs money to deal with her home problems and is now pushing you to finally buy her out ASAP.  

Am I close?

Regardless, I'm very sorry that you're going through this.

ETA: Sorry, I should have kept reading. You already addressed this and it is basically as above. I still think it's shitty that something goes wrong in her life and she looks to you to fix it ASAP.
10/10/2024 10:18:10 PM EDT
[#38]
So her house just burned down and your sitting on 120k of her money that realistically you were never going to payback. Next thread will be about the call from her lawyers.
10/10/2024 10:19:20 PM EDT
[#39]
If the house is your most important item, consider selling EVERYTHING ELSE to keep that possession.

How many guns did you used to have?

How much ammo did you used to have?

How many cool things did you use to have?

Except for your cheapest vehicle, how many others did you have?
10/10/2024 10:21:01 PM EDT
[#40]
Quote History
Quoted:
I’m amazed at how brutal people are here.

OP might be better off in a better area with better jobs but nobody here *knows* that.

OP figure out what’s best for you. People here are thinking purely in terms of income, not cost of living or the cost of moving his children to a new life.
View Quote


Sometimes honesty is brutal. Op can’t afford what he wants to do. Time to figure out a plan B.

Have you not read the last 87,000 posts of his? “I absolutely cannot afford this. But anyway how do I do this?”
10/10/2024 10:26:01 PM EDT
[#41]
Quote History
Quoted:


Sometimes honesty is brutal. Op can’t afford what he wants to do. Time to figure out a plan B.

Have you not read the last 87,000 posts of his? “I absolutely cannot afford this. But anyway how do I do this?”
View Quote View All Quotes
View All Quotes
Quote History
Quoted:
Quoted:
I’m amazed at how brutal people are here.

OP might be better off in a better area with better jobs but nobody here *knows* that.

OP figure out what’s best for you. People here are thinking purely in terms of income, not cost of living or the cost of moving his children to a new life.


Sometimes honesty is brutal. Op can’t afford what he wants to do. Time to figure out a plan B.

Have you not read the last 87,000 posts of his? “I absolutely cannot afford this. But anyway how do I do this?”


The actual math he has posted makes it seem doable.

The ‘I can’t do this’ stuff might be the result of math or might just be a guy who’s overwhelmed.

If he sells his place and walks away with $120k and has to go elsewhere and buy a house with a new job…..ehhhh, that won’t be easy either. Lenders like to see stable employment history.

At the end of the day OP knows what his situation is. We don’t.
10/10/2024 10:28:40 PM EDT
[#42]
Quote History
Quoted:

You can't sell something you don't own.
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I assume something could be worked out if it gets the ex her money faster, but maybe not.
10/10/2024 10:30:38 PM EDT
[#43]
OP you’ve had years to get more money but haven’t done it. You knew at some point your ex was going to want payment but you didn’t do anything about it. You’re barely making it now why do you think you’ll be able to if you add $1000-1500 a month house payment?

Nothing is as bad or as good as you imagine. Sell the house you can’t afford and find something you can afford. You have a strong “victim vibe”. Man up, sell the house, get past this shit. You can do it. It sucks. Your life will be better when you’re living within your means. You’ve know for a long time this time was coming and didn’t do anything to stop it. I would love to have $120k in my pocket. You are blessed.
10/10/2024 10:31:14 PM EDT
[#44]
Quoted:
I’m trying to get all my ducks in a row to get financing—purchasing my ex-wife’s half of my house and property.  A member here is a mortgage guy and he’s helping me, but I’m still unsure if I’ll be successful in getting financing.

Panicking and unable to sleep. Have to resolve a bunch of issues and I know I’ve gotta pay some bills or it isn’t going to happen and I’ll lose the house. Been awake all night and I think I’m having a legit anxiety attack.

Every cent in my upcoming paychecks is allotted and I still have some debts I gotta satisfy—even if I can somehow find the funds I’m freaking out that I won’t be able to get a loan.
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Hope everything works out for you.
Best Wishes.
10/10/2024 10:43:24 PM EDT
[#45]
Quote History
Quoted:


The actual math he has posted makes it seem doable.

The ‘I can’t do this’ stuff might be the result of math or might just be a guy who’s overwhelmed.

If he sells his place and walks away with $120k and has to go elsewhere and buy a house with a new job…..ehhhh, that won’t be easy either. Lenders like to see stable employment history.

At the end of the day OP knows what his situation is. We don’t.
View Quote View All Quotes
View All Quotes
Quote History
Quoted:
Quoted:
Quoted:
I’m amazed at how brutal people are here.

OP might be better off in a better area with better jobs but nobody here *knows* that.

OP figure out what’s best for you. People here are thinking purely in terms of income, not cost of living or the cost of moving his children to a new life.


Sometimes honesty is brutal. Op can’t afford what he wants to do. Time to figure out a plan B.

Have you not read the last 87,000 posts of his? “I absolutely cannot afford this. But anyway how do I do this?”


The actual math he has posted makes it seem doable.

The ‘I can’t do this’ stuff might be the result of math or might just be a guy who’s overwhelmed.

If he sells his place and walks away with $120k and has to go elsewhere and buy a house with a new job…..ehhhh, that won’t be easy either. Lenders like to see stable employment history.

At the end of the day OP knows what his situation is. We don’t.


The op is refusing to answer a lot of questions. It’s pretty easy to infer the answers based on the ones he’s ignoring but how is anyone going to give opinions based on the very little info we have.

What we know, correct me if I’m missing anything is, the house is worth approx 240k, owes ex 120k, makes 19$ an hour at a single presumably full time job, owns 160 acres of which only 5 is useable, has an 18 year old daughter as a roommate, needs a new roof and other repairs but we don’t know what, isn’t up on his taxes, doesn’t currently have home insurance, we don’t know about things he can sell such as vehicles, has 1 item he can sell but then have no idea how close that gets him to paying off the “unexpected bills” he just got that we don’t know the amount of. Oh and based on not answering my question no retirement to tap into or plan for the future.

I think he’s getting some really solid advice unless I’m missing something.
10/10/2024 10:45:44 PM EDT
[#46]
What is the appraised value of property? Not what you think it’s “easily worth”.
10/10/2024 10:50:22 PM EDT
[#47]
Quote History
Quoted:


I'm curious... does this sudden need to buy her out have anything to do with the ex-wife's current home burning down a month or two ago?

Something tells me that she needs money to deal with her home problems and is now pushing you to finally buy her out ASAP.  

Am I close?

Regardless, I'm very sorry that you're going through this.

ETA: Sorry, I should have kept reading. You already addressed this and it is basically as above. I still think it's shitty that something goes wrong in her life and she looks to you to fix it ASAP.
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Quoted:
I don’t still pine for her. I wish she’d never gone off the rails and done all the things that hurt my family, and I wish I was still happily married and employed in my career.

But it’s done, done, not ever gonna be that way.



Everyone keeps asking about the amount. It was decided in the divorce decree and we agreed upon an amount to buy her out. $120,000. The property is easily worth twice that.

Yeah I want to keep it. We worked our asses off to buy it back in 2014 and it’s the only thing I have left. If we sell it, where do I go? Where does my daughter go. I’ll never be able to afford another piece of property this size. We have poured our hearts and souls into this place. I’ll be damned if I’ll be forced to sell to appease my ex.


I'm curious... does this sudden need to buy her out have anything to do with the ex-wife's current home burning down a month or two ago?

Something tells me that she needs money to deal with her home problems and is now pushing you to finally buy her out ASAP.  

Am I close?

Regardless, I'm very sorry that you're going through this.

ETA: Sorry, I should have kept reading. You already addressed this and it is basically as above. I still think it's shitty that something goes wrong in her life and she looks to you to fix it ASAP.


You think it's shitty that she has not forced the money she was owed until she absolutely needed it?
10/10/2024 11:05:00 PM EDT
[#48]
Quote History
Quoted:


The actual math he has posted makes it seem doable.
View Quote
Does it?

He's already down to his last, how is he going to make a 1200 monthly mortgage on top of that?

He has to come up with X amount of money to take care of insurance, taxes, legal fees, and other "surprise bills" to even get the mortgage, but hasn't said how much that is when directly asked, so it's probably a lot.

He's asking for advice on how to keep it and I know everyone here would love to give him that advice. There is a reason tho it's not happening

Im sorry you're in this shitty position OP, but you'll get thru it.
10/10/2024 11:37:20 PM EDT
[#49]
OP are you already paying all the taxes and other expenses on the property even though your ex owns half?
10/10/2024 11:56:46 PM EDT
[#50]
Quote History
Quoted:
Does it?

He's already down to his last, how is he going to make a 1200 monthly mortgage on top of that?

He has to come up with X amount of money to take care of insurance, taxes, legal fees, and other "surprise bills" to even get the mortgage, but hasn't said how much that is when directly asked, so it's probably a lot.

He's asking for advice on how to keep it and I know everyone here would love to give him that advice. There is a reason tho it's not happening

Im sorry you're in this shitty position OP, but you'll get thru it.
View Quote View All Quotes
View All Quotes
Quote History
Quoted:
Quoted:


The actual math he has posted makes it seem doable.
Does it?

He's already down to his last, how is he going to make a 1200 monthly mortgage on top of that?

He has to come up with X amount of money to take care of insurance, taxes, legal fees, and other "surprise bills" to even get the mortgage, but hasn't said how much that is when directly asked, so it's probably a lot.

He's asking for advice on how to keep it and I know everyone here would love to give him that advice. There is a reason tho it's not happening

Im sorry you're in this shitty position OP, but you'll get thru it.


This.

First thing you do when you find yourself in a hole is stop digging.

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