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As a co-borrow doing a short sale, what are the implications?

Posted on: 18th Sep, 2009 03:18 pm
When I got married a few years ago, my ex and i did a refi and put me on the house loan and title. We have since divorced and he was unable to refi again to get my name off the loan/title. He is now trying to short sale the house. What are all the implications on me- credit score, tax, and most important- my own house. I have not lived or paid on his house for over 3 years, and he is not listed on my new house.
since it is a marial property it has to be divided during divorce.

i hope property has gone to your ex. if it is true, it will not affect your credit score/ tax/ own house. you submit a copy of divorce to mortgage lender.

they may ask you to quit claim deed property to your ex
Posted on: 18th Sep, 2009 08:46 pm
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