Reside in Californina
My wife has moved out. We have completed meidation, almost.
I am having to pay her $15K in equalization payments. She has agreed to pay 45% of the mortgage up to December 31st as I am trying to sell the house. At that point I will be unable to meet all the home payments and I don't want to go into foreclosure, I have been screwed enough already.
So my question is, can I tell her that I am going to use the equalization payments for her portion until the house sells? I am doing a QADRO from my 401K to pay this off. I really don't want to have to take an loan out on it buy my choices are limited as we are going to lose 25K each on the house due to the market.
Our mediator keeps telling me that I am lucky that she is even paying anything, she doesn't need to although her name is on the mortgage.
Any advice is greatly appreciated.
Thank you.

