In Trouble in PA

[Scott Freer]

In a nutshell, I separated from my wife for two years then we filed a no fault divorce through a friend to save cash 6 months ago. There was no distribution of assets, no child support or visitation issues addressed we handle it on our own. Here’s the trouble, the house is in my name.

She decided she wanted to move so she decided to stop paying the mortgage for eight months to save up for the big move so she is behind by $13,000 ($1,600 a month escrow included. Yes I owe taxes too). The house is valued at $140,000 and she owes $160,00 due to a refi. We have owned the house for 15 years and we have gone from Country wide to Green tree and now Ditech.

What the heck do I do to get out of this mess? I’ve been on the other end of this as a buyer, but I don’t need a degree to see this is a short sale situation. I know less than nothing about short sales. Please help.