Posted on: 09th Jun, 2012 05:39 pm
my ex husband bought my equity of our home, fine... i find out 2 years later he is not paying that loan in both our names, is in foreclosure. my credit went from excellant to weak because of this. what can i do. keep in mind our judgement was buy-out, we never made it back to court for final....ect..."the loan will be refinanced in his own name"!!! this is sooooo unfair
Hi kuyk,
Unless your name is removed from the mortgage docs, you will remain liable for the mortgage payments. As your husband has not removed your name from the mortgage docs, if a foreclosure takes place, it will have a negative effect on your credit. You can pay off the deficient balance in order to stop the foreclosure process.
Thanks
Unless your name is removed from the mortgage docs, you will remain liable for the mortgage payments. As your husband has not removed your name from the mortgage docs, if a foreclosure takes place, it will have a negative effect on your credit. You can pay off the deficient balance in order to stop the foreclosure process.
Thanks