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Here is the situation. My ex girlfriend and I bought the house together equally back in January of '08 in Pennsylvania. We were not married and still aren't. We split in March of 08 and I moved out of the house in August 08 because she was having a relationship with another guy. Once I moved out, her new boyfriend moved in. I have not paid the mortgage since I moved out in August of 08, nor have I paid any of the bills. She has paid the mortgage in full every month.

The goal was to get my name off the deed and the mortgage but with the economy, no one was willing to give her a loan by herself. I would love to take over the mortgage but I wont be able to handle it by myself. Now she has told me that she wants to move out of the house and wants me to move back in. I cant afford it so what are our other options? Short Sale? Sell the house and lose money because of the economy? Anything else? Anyone have suggestions?!? Thanks in advance!

gmakerley · Posted: Mon Sep 14, 2009 11:52 am Post subject:

well, if she's moving out and you decide to move back in, you still have your statement lying out there "i won't be able to handle it by myself." if there is someone who would reside there and assist you in that, so much the better. if your ex-g/f is not willing or able to continue living there and making payments, then the next best bet is to sell it. i suppose it's a possibility to rent it out, but those arrangements seldom bring in enough to make you whole.

a short sale would need to be approved by your lender, of course. you'd be well-served at this time to speak with a realtor to get an idea of what the market is for your type of home. that can give you a better idea of what you'd be facing down the road a piece.

Posted: Mon Sep 14, 2009 12:58 pm Post subject:

I would rather not sell it because we wouldnt make the money back that we owe on the loan still. I could find someone to move it to help with the costs maybe.

Thanks for the help!

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Ex Girlfriend and I own the house and we need to get rid of