Paid a $50K Nonrefundable Deposit on a New Home. Then My Husband Gambled Away $121K Day Trading and Pu

Kate, a 40-year-old caller from Indiana, told “The Ramsey Show” that she and her husband were set to buy a $550,000 home after earning about $240,000 a year and paying a $50,000 nonrefundable deposit. She said $121,000 they expected to use for the purchase had instead been lost through day trading. She also said her husband repeatedly claimed the money was safely invested in stocks and cryptocurrency, which she said was untrue. Kate described additional losses: her husband previously lost about $50,000 and has around $20,000 in personal and credit card debt plus $127,000 in business loans, according to her.