Posted on: 05th May, 2010 01:11 pm
i bought a house with my ex 0 husband 2 years ago we are now divorced and have been for 5 months but the bank told me that he could not get the house in only his name because his credit was not good enough. i have just found out that he has not be making the payment and is very close to for closing on. what do i do to get out form under this before he takes me down with him.
Welcome whintey,
Is your name mentioned on the mortgage of the property? If not, then you will not have to worry about the payments. The non-payment of the dues won't affect your credit score. If your name is on the mortgage, then it will have a negative affect on your credit score. You can ask you husband to sign a quit claim deed and transfer the property to you and then refinance the loan.
Is your name mentioned on the mortgage of the property? If not, then you will not have to worry about the payments. The non-payment of the dues won't affect your credit score. If your name is on the mortgage, then it will have a negative affect on your credit score. You can ask you husband to sign a quit claim deed and transfer the property to you and then refinance the loan.