Quote:
Originally Posted by Davidstinator
I'm in a similar situ... got divorced last year... condo now worth 175k less than purchase price. Least I had no kids.
Banks won't work with you unless you're in default, or near default. So best option for leverage is to make late payement, fuck with them a bit, and screw your credit. Who gives a fuck about credit anymore anyway?
If I were the dude, I'd want my daughter close by... last thing I'd want is for my ex to move home, and hook up with some speedfreak pedophile... and watch her go down the dumps like the Sharon Stone character in Casino...
1/2 her rent is cheap insurance to stay in sight of the daughter.
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That is pretty much his same thought. His soon to be Ex has a job, but doesn't yet make enough to fully support herself (I guess in then next 1-2 years she will be getting more raises and then be able to support herself, just not right now) so if he doesn't pay she will take the kid and move 300 miles away. To him it is worth wrecking his credit and paying for her rent if he can keep his daughter close by.