Twinmom

This is a question best asked of an attorney if I ever saw one. Besides, if this ex-husband has no problem going behind his present wife's back to co-sign a mortgage note... I have a good feeling there will be more than one divorce in his lifetime. - Fri Jul 10 2009, 13:03

Jimmie,
Don't be discouraged, there most certainly IS a way to do this if your credit is good. I just got a loan with the USDA (yes, it's a gov't loan). It provides 100% financing, NO PMI, and often your closing costs can be rolled in. The interest rate can't be beat either. The stipulations are 1. Your credit can't be shot 2. You have to purchase a "qualified" home. Where I live that covers just about every house, but that probably varies.

Just Google "USDA Mortgage" and look for a link that ends in .gov You will find all the information there. You will need to contact your local Rural Development office to inquire but there is a search feature there to find it. - Fri Jul 10 2009, 12:14

I completely agree. A house accross the street that sold 13 months ago is not a comparison. The market is dramatically different today than it was then. It's time for everyone to come back down to reality. Never before in American history have homes sold for such a high percentage of the common annual salary. What happened was completely out of whack with logic. I'm sorry your house didn't appraise, truly. I wish you luck. - Thu Jul 9 2009, 14:02