Posted on: 04th Feb, 2009 10:28 am
My ex and I are both named on the deed of a property.
The loan for the home is only in my ex's name. I want to keep the house and he doesn't.
I am not making enough on my own to keep up on the payments.
He doesn't want to sink any more money into it.
If it goes into foreclosure, do I get first crack at buying it from the bank since I'm on the Deed?
Please help me keep my home!!!
The loan for the home is only in my ex's name. I want to keep the house and he doesn't.
I am not making enough on my own to keep up on the payments.
He doesn't want to sink any more money into it.
If it goes into foreclosure, do I get first crack at buying it from the bank since I'm on the Deed?
Please help me keep my home!!!
hi
since you are on the title of the deed, you will obviously get the first crack at buying it from bank. but would you be able to afford the cost of buying the houses, especially, when you have said that you are not able to keep up on your payments?
alternatively, you can also consider the option of refinancing. you can ask your ex to quitclaim his interest in the property to you and then you can refinance it at an affordable rate and thus pay off the existing debt and save the house.
please do not hesitate to ask further queries.
since you are on the title of the deed, you will obviously get the first crack at buying it from bank. but would you be able to afford the cost of buying the houses, especially, when you have said that you are not able to keep up on your payments?
alternatively, you can also consider the option of refinancing. you can ask your ex to quitclaim his interest in the property to you and then you can refinance it at an affordable rate and thus pay off the existing debt and save the house.
please do not hesitate to ask further queries.