My question involves a marriage in the state of: Washington State
From the arbitrator: "You will note that I awarded the family home at a zero asset value... since the husband will be paying support and college..."
She ruined my credit - She was awarded the home at $0 value in June 2012 and then was late on 10 of 12 payments for 2013. My credit report shows our joint mortgage was 150 days late in November 2013.
She recognized a profit - In December of 2013 she sold this same house for a profit of $80,000 minus costs ($335K sale minus $230K first and $25K second). She probably took $50,000 in profit for a house that;
• she was awarded at no cost
• she barely made payments towards
• severely damaged my credit
The damage to my credit will cost me - I am now having trouble qualifying to purchase a home. If I am able to qualify, I will at a minimum pay much higher interest rates due entirely to her late payments.
The boys (adults) moved in with me - The boys who lived with her in the marital home moved in with me in December 2012 and have lived with me since.
She declared bankruptcy - She filed bankruptcy in mid-2013 and wrote off all of her debt.
Cohabitation / reduced living expense - She had a boyfriend move in with her at the marital home. After selling the marital home, they rented a smaller, older house that would not accommodate our kids well (has only 1 bathroom). She and the boyfriend still live together in that rental.
Based on all of these facts, I think there's been a material change in circumstances and I don’t feel she needs support any longer. I think her damage to my credit leaves her in contempt although I'm sure that's an entirely different issue. I’ve made 26 timely spousal support payments with 22 payments remaining.
So, based on all this, do you think I have a better than 50/50 chance for ending or at least reducing spousal support payments.
Thanks

