If I were Brad the minute I would have heard it’s not the wife’s house it would immediately stopped stressing me out🤷🏿♂️…why would I be paying the bills contributing to the mortgage. Imagine Brad being told after he’s helped pay the mortgage for years just to be told at a divorce that you have 0 rights😂…Brad rather go buy his own place.
Ohh this is a simple fix everyone get outta my house, rent it out & head to college. Brad needs to man up & go get himself his own house for his “wife” & whatever family he may eventually have.
I'm calling this as a twist of another set of stories. This one is where they owed more money than the house is owed. I don't think this is a real story.
It's baffling, how can a mother borrow $50,000 against a house she doesn't own? It seems like the bank made a big mistake here. What do you think about this?
So funny that Step Dad want the son to pay rent but when it gets turned around he says you can't charge me. We're family. Even if it wasn't the son's house then it would have been his wife's & he went on this on his own. Stay in your lane people
So these people are behind by 80k meaning that’s just what they’re behind no how much is left to pay off the house. How are you even behind by a year? Have they been making no payments whatsoever? Not even a bit of the actual payment?
80k in 1 year on a guess that house would have to be worth millions if you figure 30 yrs mortgage at 80k a year makes the loan total pay off 2.4 million. Something isn't adding up in this
@@fabiololstein1307 I’m struggling to even understand how you can put a debt in the name of a minor, who filled the paperwork to begin with & why would a parent leave an unpaid house to a child instead of a spouse🤷🏿♂️
Writer has no idea of real estate transaction, finance & income property. Way over their head. Mom & Brad are financially ignorant. That’s how they got in this mess. She probably married him to take care of her & turned out to be just as clueless. POV is smart enough to search for answers. Gary was a blessing whether they liked it or not. The financial advisor was the first to point POV in the right direction. Weak ending because the writer didn’t know enough to complete the story.
@@mevan883 I get that part that he was a minor. What I’m failing to understand is how did the mother get a loan using a house that wasn’t hers to put up. Isn’t that her defending the bank. This to me seems like something OP can easily get himself out from under without even having to sue her because suing her won’t make the 50k lean disappear. All suing her will mean is OP owes the bank 50k and his mom owes him a 50k settlement but won’t stop the bank from foreclosing. It won’t lift the debt from the property.
@@KKOPPONG Since she was his guardian, she could do anything with the house until he was 18. All he can do is sue and have the courts liquidate her assets to pay him back, similar to how parents have been able to steal money in a trust fund that didn't put a clause that no one can access it until the person is 18. Which we have seen actual court cases of, in case you consider this story as fake, sometimes the reason deadbeat relatives have fought over trust fund kids.
Seems like someone is still withholding information. I would be wanting details of what the will says and what the 50k was used for before making a new loan repayment plan.
Well this story is badly writen, OP mom could never get a load with a house that is not in her name, if that was possible, people would be renting mansions for a while and getting loans everywhere without fear of consequences later. Also, I am almost sure in this case the house would need to be sold when OP dad died so the debt (mortgage) could be paid off and the remaining amount would be OPs, if not, it means the mom would need to pay the mortgage for something that was not hers (and OP sure doesn't let us forget HE is the owner of the house). Also in the end OP say how his dad "worked his life" to let him the house, when in fact his dad left his mother a hughe debt and IF she managed to pay it off SHE would leave the house to him.
This is a bull shit I can easily pay the loan. 1. The total amount is 130000$ 2. I assume the rate of interest is going to be twice of interest let's say 11%. 3. If I calculate the emi on monthly bases it could be around 2762$ for the next 5 years bro. Now in your family you are three people. Each one lets say work at least 8 hours a day and the minimum you earn per hour is 12$. Which becomes 12× 8 = 98 $ a day you three earn the same amount which becomes for. A day is 300$ and for a month of s around 9000 to 10000 with extra shift. So Your total earning (9000) - Emi (2762) = Amount left (6238) This is the least all three can earn in future you got promotion and can make things easier for your self.
@@KKOPPONG when I became adult and was earning money I decided to stay at my parents place for few more years to save some and move on. At that time my parents hinted that maybe I could help financially a bit and I don't think it was anything wrong to ask of me since I was making my own money. I would actually be ashamed of myself to lich of my parents. They've been struggling enough to bring me and my sister up so why shouldn't I agree to it. Family support goes both ways but lots of ppl these days think that they are entitled to everything from their parents and they don't have to help them even if they struggle.
