Posted on: 06th Aug, 2011 12:20 pm
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After giving my ex a quit claim on property, unknown to me my ex took out another loan $9.000.00 on the property in both our names using the original lender and e-signed for the note. The money was put into his account and I only found out after the loan was turned over to collections and I am being dunned. He failed to disclose thsi to me and failed to disclose to the bank he had a quit claim - is this fraud as well as deception, and perhaps identity theft?
After giving my ex a quit claim on property, unknown to me my ex took out another loan $9.000.00 on the property in both our names using the original lender and e-signed for the note. The money was put into his account and I only found out after the loan was turned over to collections and I am being dunned. He failed to disclose thsi to me and failed to disclose to the bank he had a quit claim - is this fraud as well as deception, and perhaps identity theft?
Hi Guest,
If your spouse's name is mentioned on the property deed as one of the owners of the property, then he/she can take out a mortgage in his/her name. However, he/she cannot use your name to take out a loan. As such a thing has happened, I will suggest you to contact an attorney and take legal actions against that person.
If your spouse's name is mentioned on the property deed as one of the owners of the property, then he/she can take out a mortgage in his/her name. However, he/she cannot use your name to take out a loan. As such a thing has happened, I will suggest you to contact an attorney and take legal actions against that person.