Hi

I live in sunny CA.

Yeah market in Central Valley & southern CA sucks right now. Lots of foreclosures. Slow sales. Home valuations going down.

The mediator is trying to make you feel good that your ex is making payments on a mortgage that she also is responsible for? Right.....

SO! What to do? Get back to mediation & talk about an agreement to rent the house out until the market improves & split any positive cash flow 50-50. Or split negative cash flow as in create an LLC (since you two won't be married anymore then an LLC can take any negative cash flow and in turns into a nice deduction against your and your ex-wife's income).

There's options, just be creative. Point out that it won't be worth it to have her pay 45% of mortgage for a couple of more months and then lose the house because the market sucks. That's just money down the drain.

HTH

Bird Brain