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Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011
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Re: A very foolish friend... Is he screwed?

That sucks seriously that he has to buy her out.  Live and learn.  He won't make this mistake again !

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
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Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
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Re: A very foolish friend... Is he screwed?


Booner72 wrote:

That sucks seriously that he has to buy her out.  Live and learn.  He won't make this mistake again !


Only someone who didn't know him would make that statement, LOL!


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Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011
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Re: A very foolish friend... Is he screwed?

drkaje - You mean he will make the same mistake again?

 

Boy it's been a while since this was posted - I guess people don't spend much time in the "relationship" section. 

How's it going for your friend?

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
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Re: A very foolish friend... Is he screwed?

Booner72,

 

He's still sharing the house with her. Both of them are waiting for a buy-out hoping selling the house will solve all their financial issues. She wants to sell and pay off CC debt, mortgage, and home equity loan. He wants $30K for a down payment on another home in the same area. 

 

Unfortunately, the appraiser was a little too generous with his estimate (my guess would be by about $20K) so both of them are kinda stuck with the price. I mean they both know it's wrong but each are determined to get that number out of the sale.

 

This will be the third house he's lost in a break-up/divorce.

 

He's currently seeking sympathy on Facebook. I'm not on any social network sites but the GF is. Smiley Happy


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Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
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Re: A very foolish friend... Is he screwed?

Update: He's giving up rights to the house and reciving no compensation other than being off the mortgage.


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Registered: ‎02-02-2012
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Re: A very foolish friend... Is he screwed?

Do these three letters accurately describe your reaction: smh

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Re: A very foolish friend... Is he screwed?

[ Edited ]

FrugalRican wrote:

Do these three letters accurately describe your reaction: smh


In his defense.... the guy is very emotional, easlily led by women, and not too bright. Everyone begged, argued, and pleaded with him against signing half the house over to no avail. He wanted to make her happy (Honestly, I'd write "shut her up" but don't want to get anyone going) and stop hearing about how not being on the mortgage was too insecure a position to be in and live there.

 

It was a disaster we all saw coming but all the advice was met with his or her saying we were being unsupportive of their relationship. He also felt we couldn't see what a deep commection they had, versus all the other relationships, LOL! What a maroon!

 

The only real surprise would have been if he grew a pair or did something smart. Irony is he's actually not the type to learn from this at all and blames her for his stupidity. Smiley Happy


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Super Contributor
Posts: 5,703
Registered: ‎10-06-2007
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Re: A very foolish friend... Is he screwed?

It would be great if you could put a credit freeze on someone else's CR for their own good.

11/28/2014 FICO: EQ: 796 EX:788 TU:803
Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
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Re: A very foolish friend... Is he screwed?


marty56 wrote:

It would be great if you could put a credit freeze on someone else's CR for their own good.


He has no credit. The mortgage was privately held.


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Senior Contributor
Posts: 4,196
Registered: ‎03-24-2008
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Re: A very foolish friend... Is he screwed?

Sad to say, I know 5 guys that every penny was sucked out of them by women, most even left with debt. Oh you know the end to the story, these women(can't say the word I wand to use) did move on to other victims.

One was a neighbor, he meet her after his mom passed away leaving him with an inheritance. Short story, they married bought the house next door PIF also a truck for him PIF, she mortgage the house away with a gambling problem, he sold his truck (that broke his heart)they divorced, bank got the house,she went her way he went his. I seen him again, a few years later and he said" he wants her back".

 

These women would divide and concur, want I mean is. After they came in these guys life's, they would cut off all contact with friends and relatives. By saying, all of them hate her, he's the only one who understands her.  Everyone but these guys could see exactly what was going on,these women brainwashed these guys.

 

One of these guys is a relative, all happened recently a week ago. He took out a car title loan a month ago, at 266% so she could have some money. I talked with her, she said it was her loan she would pay it back. Well that didn't happen,shes gone. I'm afraid he is going to lose the car. I called the loan place, they said he needs to pay 134 a week to refinance the loan with 5% going toward the principle. That should be illegal, I checked it's not.

 

I wish I knew, what we can do to save these guys, but I don't. Time and pray maybe the only things to helps.

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