Posted on: 10th Jan, 2010 06:31 am
Hi
I went through a divorce over a year ago and agreed to make the house payments until the house sold, but due to the ecomony the house set on the market. I could'nt continue to make the payments of $1500.00 so I have'nt made a payment in over 4 months. My ex-spouse refuses to a short sell or any thing to help get this behind me. They do'nt live in the house so it set empty. The loan has been sold to Freddie Mac, but I have'nt heard from the new lender what are my options??? :x
I went through a divorce over a year ago and agreed to make the house payments until the house sold, but due to the ecomony the house set on the market. I could'nt continue to make the payments of $1500.00 so I have'nt made a payment in over 4 months. My ex-spouse refuses to a short sell or any thing to help get this behind me. They do'nt live in the house so it set empty. The loan has been sold to Freddie Mac, but I have'nt heard from the new lender what are my options??? :x
You should try to contact your present lender and sell off the property. You can apply for a deed lieu of foreclosure and try to get rid of the property. However, this will badly affect your credit report and your credit score will get lowered by 250 points.