Posted on: 08th Nov, 2012 01:30 pm
I just divorced, my house is in my ex's name for the mortgage which is in default. However before we divorced he also filed and was granted bankrutpsy protection and claimed the mortgage under that bankrupsy protection. I am on the deed however. The bank will not work with me to help me save the house without my ex cooperating to get a modification which he will not, or unless I pay off the mortgage which is impossible. Is there ANY recourse for me? My children want to stay there, my credit is shot and have little chance of getting even a rental.
Hi abedo,
You are in a tough situation. Unless your ex cooperates in the matter of loan modification, it will be difficult for you to save the property. However, it is true that as you are one of the owners of the property, if the property is sold off, you will get your share of the property.
Thanks
You are in a tough situation. Unless your ex cooperates in the matter of loan modification, it will be difficult for you to save the property. However, it is true that as you are one of the owners of the property, if the property is sold off, you will get your share of the property.
Thanks
Welcome abedo,
In the situation that you have mentioned, it will be very difficult for you to save your property. I agree with James that selling off the property will be a better option for you.
In the situation that you have mentioned, it will be very difficult for you to save your property. I agree with James that selling off the property will be a better option for you.