Posted on: 24th Jul, 2012 02:18 am
My husband & I are in the process of divorcing after 35 years of marriage. I needed to vacate the house in Jan of this year, file for divorce, give up my 3 adjunct university teaching jobs. When I left in January, my credit score was 710. However, since I vacated the house, my husband has been late on 2 house payments dropping my score to 639. I learned from my lawyers today that he may not be able to pay this month's as well. My score takes a hit each time he misses a payment. Can I file a brief statement w/ the credit bureau explaining the nature of the missed mortgage payments? Can I indeed rescue my credit or is it a done deal?
if your name is on the debt accounts, then you will be liable for the debts. if you want to save your credit, you may have to ask him to refinance the loan. in case he can't refinance the loan and if your name is on the property deed, you can file for partition lawsuit.
Hi Kiln,
I agree with what Niicss has said. It will be better if you could immediately contact a real estate attorney and take his help in filing a partition lawsuit.
I agree with what Niicss has said. It will be better if you could immediately contact a real estate attorney and take his help in filing a partition lawsuit.
Hello Kiln,
With the guidance of a debt expert, you can pursue having various debts gathered under a single account and effectively settle all outstanding loans or credit transactions at once.
:idea:
With the guidance of a debt expert, you can pursue having various debts gathered under a single account and effectively settle all outstanding loans or credit transactions at once.
:idea:
If your name is also there in the deed, in case of default, your score will be hit. The best way out would be to take the help of a mortgage attorney.