Posted on: 29th Jul, 2010 09:51 am
Our HAMP application is currently being processed. It's already been 4 months and we're still waiting. Meanwhile, I want to file for divorce. My husbands wants to stay in the house. Will filing for divorce affect the process? Would alerting the lender of the pending divorce benefit the modification (lower payments/interest), or just cause it to have to be started again from the beginning? Does it matter at all? Thank you!
hi guest,
as far as i know, your divorce filing won't affect your loan modification process. getting the loan modification will depend upon the financial situation of your husband. if he is facing a severe financial hardship, he will be able to get a modification. moreover, you may have to sign a quit claim deed and transfer the property to your husband, in case, your name is listed on the property deed.
thanks
as far as i know, your divorce filing won't affect your loan modification process. getting the loan modification will depend upon the financial situation of your husband. if he is facing a severe financial hardship, he will be able to get a modification. moreover, you may have to sign a quit claim deed and transfer the property to your husband, in case, your name is listed on the property deed.
thanks