If the grantee misses a payment on mortgage is the grantor r

Hi rjgonzalez!

Welcome to forums!

You said that the mortgage is still in your name which means that the grantee has not refinanced it. In that case you will be responsible for paying the mortgage. If the grantee does not pay the mortgage, the lender will ask you to pay it off. If you do not, the property will be foreclosed upon and your credit will fall by 200-250 points. Moreover, the lender may also plan liens on other properties that you own if he cannot recover his debts from the foreclosure sale.

Feel free to ask if you have further queries.

Sussane

clearly, it would seem you're not yet in danger of foreclosure, based on the original question. however, it is true that as the original borrower, you are obligated on that mortgage loan until the day it is paid in full. you might be able to negotiate with the lender to acquire a release, but that's a dubious premise, especially in these times.

your former spouse should move forward by arranging a refinance of the property, which would eliminate the issue entirely.