Great insight. Thanks!
My main concern is that if we do split, what is the best option for me, since I have more pre-marital money invested and my credit solely on the line..
Do i stay in the house, barely affording it just to save my credit and wait for the market to go back up?
Or do i try to leave the house and wreck my credit for a longgggg time.. possibly having the 2nd bank come after me for defaulting on the loan. (in MD if we short sale or foreclose, the 1st bank will get what they can out of it and they are NOT obligated to give any to the bank in 2nd position. We are also not a walk away state). I almost think its best if we split, for me to stay in the house and bite the bullet paying all of it.
Her name isnt on the mortgage, just on the title to the house.
I dont want her credit screwed.. but if i cant pay it - i feel it should hurt both of us not just me and she had agreed. Shes being fair about all of this. and its still 50/50 if it will work out or not.
If it doesnt work out, we actually both agreed to seperate and be friendly and do it all with out a lawyer if possible. We agreed to joint custody, no alimony, and we would work out who pays what for our kid.
We both are fair people we feel, and dont want to screw either over.

