1) How much is due to settle the foreclosure?
Mom here needs to find out specifically how much is owed and whether or not she has any means of paying that off.
2) If house is in both Mom's and Dad's names (title in joint ownership), and he refuses to give over her half, then this is a legal issue.
Unfortunately marriages do end this way and his using their money for personal "extras" shows that he does not care for her concerns.
3) A truck driver that is taking loans on the house and the truck, but only paying back on the truck is rather agressive IMO.
The OP and Mom needs to discuss options with a lawyer. She will also need to determine what future relationship will exist (or not) with this "partner" in the future.
Quote:
Originally Posted by brig2221
However, I cannot understand why you would want to have two separate banking accounts, with two separate checkbooks, and then both chip in to pay bills.
I just think that this type of financial setup lends itself towards things like this happening more often. I mean, if you have a spouse making a lot more money than the other, which I am sure happens a lot, how exactly does that work? Does one spouse pay their bills with ease, and then enjoy what is left over, while the other struggles to pay their bills?
I find it hard to see how there would not be animosity between spouses in these types of situations. One way spouses typically act out upon their issues is through spending.
I certainly understand that these types of "financial infidelities" can and do happen under all circumstances, and that there are probably many who succcessfully split their finances.
I didn't want to veer too far off course from the original topic of your Mother. That said, when I read her story, the very first thing that immediately stuck out to me was the splitting of their finances.
|
Couples may choose to handle finances separately for many many reasons.
Half of my paycheck goes to a joint account I have with my husband. And the other half goes to my own personal account. I make twice as much as my husband currently.
The place that we live in, is in my name only. It was 100% mine when we married (it was fully paid off). We took out a loan on the home after marriage and he signed away any obligations on repaying that loan (the title remains in my name as a married woman). We got rid of his leased car and paid off some property (in both our names) and bought him a used car with that money. But the re-payment of the mortgage is my obligation alone.
I also handle 100% of the finances in this household. The money in reality is mixed (I have just paid off his old education debt in it's entirety) -- he has had a bankruptcy many years ago and he really does not want any part of handling any money. He is on my CC account and I pay off all bills in full each and every month usually from the joint account but sometimes from my sole account.
Our agreement suits us because of his past financial history; and the fact that I am rather controlling with money because of my past history (having to work for the things I wanted and seeing my own folks struggle).
Many many people would find this type of situtaion strange. I'm not a financial wizard and am learning more as we earn more.... but ultimately as women entering into marriage relatively late in life, this was my best option (if the marriage did not work out, I'd still have my home, though I may be partially obligated for some of his past obligations -- ie the car and maybe even the student loans).
Woman usually outlive men; and when that happens, if the woman has no financial idea of how to handle the expenses, that can also be a troublesome time. It's another reason for woman to establish their own credit and to learn.
Help! Negligent husband not paying mortgage
