Question by vandit: My mom is in a middle of a divorce and stuck with a huge mortgage, what should she do?
Mother is in middle of divorce, may be stuck with a huge mortgage + HELOC loan attached. The home has no equity left, since they’ve refinanced twice (big mistake) in the past plus sinking home prices. As far as dividing up the liabilities, what other options does she have? This is in the state of California (Santa Clara County). She is afraid that she may be stuck with the house and not able to catch up with the mortgage. She would like to avoid foreclosing if all possible. Thanks
Answer by guba2giba -OMAR =)
What do you think? Answer below!