Ex-in-laws (3rd party creditors) want to foreclose on my condo

[joec]

I didn’t read most of this thread so if this was mentioned, I apologize. Sorry to hear about your situation, but agree with tg that selling and moving on is probably the best long term outcome for the reasons described.

I wanted to also mention that instead of doing a 401(k) withdraw, see if you can take a 401k loan instead. I’ve done it before myself.

The loan is easy and most places let you fill out the form online. You pay interest to yourself, there are some minor fees, but it will buy you some time (up to 5 years I think). In most cases, you can tap up to 50k or up to half your 401(k) balance.

Major major risk is if you leave your job, you may have to pay the loan back immediately or you face penalties and taxes.

However, that’s nothing new if if you were planning to withdraw it anyways for your situation.

I agree with the other posters, you should probably just cut out your ex-in laws and learn that with money received, there are usually strings attached so closing out that note will close that problem and not have to deal with them anymore.

Lastly, on the “pay taxes with after tax money” when using a 401k loan, that is not true. I used to think the same thing, but here’s a more detailed description of it here:

Better Example Against Double-Taxation Of 401(k) Loans

Best of luck!

[njtosd]

[quote=ucodegen]

[njtosd]

[quote=ucodegen]

The actual names or info that would easily lead to the identity of all of the parties involved have not been revealed, therefore the statements in the blog so far have been harmful to exactly who?

[/quote]

I agree with this to a point, but you forget that the administration of this site receives the user’s email address. That address might be anonymous, or it could be like the one my husband has at work, which is: first name.last name @company. This is a pretty standard formula. And many of the techno guys on this board probably have ways of tracing email addresses. So it’s not as anonymous as one might think. “Publication” in the libel sense only requires one person to receive the information.

[njtosd]

[quote=ucodegen]

The actual names or info that would easily lead to the identity of all of the parties involved have not been revealed, therefore the statements in the blog so far have been harmful to exactly who?

[/quote]

I agree with this to a point, but you forget that the administration of this site receives the user’s email address. That address might be anonymous, or it could be like the one my husband has at work, which is: first name.last name @company. This is a pretty standard formula. And many of the techno guys on this board probably have ways of tracing email addresses. So it’s not as anonymous as one might think. “Publication” in the libel sense only requires one person to receive the information.

[njtosd]

[quote=ucodegen]

The actual names or info that would easily lead to the identity of all of the parties involved have not been revealed, therefore the statements in the blog so far have been harmful to exactly who?

[/quote]

I agree with this to a point, but you forget that the administration of this site receives the user’s email address. That address might be anonymous, or it could be like the one my husband has at work, which is: first name.last name @company. This is a pretty standard formula. And many of the techno guys on this board probably have ways of tracing email addresses. So it’s not as anonymous as one might think. “Publication” in the libel sense only requires one person to receive the information.

[njtosd]

[quote=ucodegen]

The actual names or info that would easily lead to the identity of all of the parties involved have not been revealed, therefore the statements in the blog so far have been harmful to exactly who?

[/quote]

I agree with this to a point, but you forget that the administration of this site receives the user’s email address. That address might be anonymous, or it could be like the one my husband has at work, which is: first name.last name @company. This is a pretty standard formula. And many of the techno guys on this board probably have ways of tracing email addresses. So it’s not as anonymous as one might think. “Publication” in the libel sense only requires one person to receive the information.

[Coronita]

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[Coronita]

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[Coronita]

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[scaredyclassic]

i kind of agree with people who agree with TG…up to a point. I like the “be fair, even overly fair” for good will. But I have also seen guys just bend over backwards and give too much. I’m not saying that’s your situation. But Guys who just roll over and play dead and fork over way more than they should or that fairness dictates, out of guilt or whatever. So much so i think it’s emasculating.

Granted that’s extreme, and rare.

[scaredyclassic]

i kind of agree with people who agree with TG…up to a point. I like the “be fair, even overly fair” for good will. But I have also seen guys just bend over backwards and give too much. I’m not saying that’s your situation. But Guys who just roll over and play dead and fork over way more than they should or that fairness dictates, out of guilt or whatever. So much so i think it’s emasculating.

Granted that’s extreme, and rare.

[scaredyclassic]

i kind of agree with people who agree with TG…up to a point. I like the “be fair, even overly fair” for good will. But I have also seen guys just bend over backwards and give too much. I’m not saying that’s your situation. But Guys who just roll over and play dead and fork over way more than they should or that fairness dictates, out of guilt or whatever. So much so i think it’s emasculating.

Granted that’s extreme, and rare.

[scaredyclassic]

i kind of agree with people who agree with TG…up to a point. I like the “be fair, even overly fair” for good will. But I have also seen guys just bend over backwards and give too much. I’m not saying that’s your situation. But Guys who just roll over and play dead and fork over way more than they should or that fairness dictates, out of guilt or whatever. So much so i think it’s emasculating.

Granted that’s extreme, and rare.

[Author]

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