Old Blue
Sep 7, 2008, 06:37 PM
After years of a loveless marriage and disrespect towards me and now our 2 youngest kids age 15 and 22.My husband who wanted a divorce again out of the blue and who agreed to sell our house {that is a struggle to hold on to.} has changed his mind. Not only has he NOT done anything about a divorce,but has increased our debt by tinkering with or trying to restore old trucks. Our older son lives at home and contributes to the income. He's 33. He's also his dad's confidant . I'm afraid that years of this {using our son to vent about me has been going on since he was a teen. My other two has been spared this. Now My husband has mentioned to my brother that he intends to borrow $30,000 second mortgage to pay off the loan our older son did with his fathers directions to get into the restoration business. Since then he{my husband} has borrowed more money $3,000. He said after paying that off there would be enough to finish one of his projects. He is trying to do this without any consideration of me. Both our names are on the Deed. I have a chance of a fresh start that includes moving out of state.{I live in Florida now}My credit is not good so I will have to borrow from a private investor {probably my brother} But because I will need a home for me and our 2 kids, and I promised my daughter that she will go to college. Also I will be partner in a business. I would like to know IS IT LEGAL FOR ME TO BORROW AGAINST THE EQUITY [my part}IN OUR HOME WITHOUT MY HUSBANDS OK? In other words I would like to know if I can use my part of the equity as collateral for a loan? This is the only way I feel I would have a start. I've tried talking to my husband about this but he doesn't think I have any say in anything. While this question is the question I'd like answered. If I file for divorce and force sale of the property does my husband get to live here too? Because it's getting almost impossible to live here in any peace. OB