I Co-Signed on a House w/ My Ex & She Owes the IRS $100k

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Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 14 February 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel, Kristina Ellis, & Jade Warshaw. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.8	Joining me today is Ramsey personality, Rachel Cruz.
0:15.8	Mark's in Kansas City.
0:17.4	Hey, Mark, welcome to the Ramsey show.
0:19.5	Thank you both.
0:20.7	Appreciate it. I'll get right to it.
0:23.0	Okay.
0:23.3	I've been, I think what you call dumb.
0:26.4	About five years ago, five years ago, I co-signed on a mortgage for my ex-wife.
0:33.2	Yep, she was my ex-wife at the time.
0:35.7	Fast forward a couple years. I've learned that she owes the IRS over 100 grand,
0:41.2	and they've since filed a lien on her property probably in the last year and a half to two years.
0:47.4	So somehow she manages a little check-to-check,
0:51.7	and the kids are going to start falling off from child support
0:54.6	and I don't know how she's going to make it and what implications it has for me in this
0:59.3	whole scenario wow yeah you're right dude you stepped in it oh man I'm sorry
1:07.4	um okay first I have to know what possibly, what story could possibly be told to you to make you
1:16.5	cosign for your ex-wife?
1:19.6	Because by definition, she's X.
1:21.8	You're not going to make me tell you this.
1:23.2	I just, the three kids and the violin was playing in the background, I think, and maybe
1:31.5	caught me at a weak moment.
	...

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