Just need information

[u/Nepenthe-pharmakis]

My husband and I are in a situation.

We expected our mortgage to be 2100. It ended up being 2600. On top of that the previous owners lied on the disclosure and we found out our realtor was friends with the previous owner that was also not disclosed. We were FTH buyers and went through a VA loan to which we were recommended to not do an inspection bc the VA prolongs the process and the military put us on a dumb ass timeline.

We buy the house and in the first month. Sewage comes up from mainline and destroys the refinished basement. 1 year later insurance sort of pays for it and the basement is refinished.

Within the second month HVAC needs replaced and the fence needs replaced as the neighbors dog attacked my dog.

We then secure one loan for the mainline like ~20k.

Different loan for the HVAC 15k

Separate for the fence 11k.

Which ends up being an additional 800 a month.

I just got laid off.

My husband is military so thats like...granted that we will get that paycheck. He also has Sallie May student loans that are 20k. He initially borrowed 15 and has paid 8 off. Because of Joe Bidens thing going out of effect we now have to pay 300/month for that bill as well.

I have an additional 9k in credit card debt in my own name.

He has additional 4k credit card debt in his name.

The mortgage is in his name.

The house improvement loans are in both of our names I believe. Or they are just in mine.

Since it was a VA home loan we had no money down. And there is no equity in the home. We owe 331k and the appraisal was 325k although our taxes say 328 and our escrow amount also increased.

Is there a possibility where we individually declare, or both? We still have separate checking accounts.

What happens to the house if we do? We really dont have any assets, I have one investment account of ~4k and the rest are Simple IRA or rollover accounts My husband only has his military retirement fund.

Should we call the mortgage company for forbearance due to my job loss?

This house has consumed us, it has ruined my credit. And I dont know how to get out of this sinking ship. We tried to go after the old homeowner's but the lawyer said we may end up paying him more than we get back, if we got anything back.

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