Husband lost job in January, 2010. I had not worked in 12 years since having our oldest of 3 children. We’ve moved around a lot and were in current home only 2 1/2 years. Home is under water.
July 2010, husband had a hemiplegic stroke. October 2010 I went back to work to try and bring in some income/insurance, but am starting at 30K a year.
January 2011 husband moves out and wants a divorce. He is receiving disability along with a few hundred dollars a month for children, but is keeping it all.
How do I move forward on 30K a year? My current mortgage is 3200 a month but after several moves and job losses, we don’t have ability to pay. We are pulling money from retirement account to pay current bills.
Because husband is on disability I understand he can pull out money without penalty. There is about 80K remaining (I believe) in retirement account.
Can you give me some direction on what I should be doing/thinking to move forward? I don’t understand the process of bankruptcy or foreclosure and need to be armed with information so that I can make the right choices for myself and my children.
My husband is as good as gone and is in denial. I have come to terms with losing my beautiful home and our possessions that I probably won’t be able to fit in a smaller home. I want to deal with whatever I have to before we end up on the street.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.My Husband Had a Stroke, is Spending Down Our Retirement and Moved Out. - Anne by Steve Rhode