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Company Loan Type APR Est. Pmt.

Mortgage still in my name and ex unable to assume

Posted on: 03rd Jun, 2008 03:16 pm
my ex and i divorced in 2005, and the decree states that i will be divested of all right, title and iterest in and to said real property. well, the loan is still soley in my name and my current spouse and i are planning on purchasing a home in florida. luckily, all the payments have been prompt. what are my options? the ex doesn't have the credit or job history to assume the loan. can a notarized quit claim deed be enough?
i would do a quit claim deed and get him to refinance the home. the reason i say this is because if he misses a payment is will have a negative affect on your credit!
Posted on: 03rd Jun, 2008 04:00 pm
Problem is, he has no w-2 for last year and no recorded income aside from my alimony and child support. I don't even think he has filed an income tax for last year...isn't that illegal? Thanks, by the way.
Posted on: 03rd Jun, 2008 04:20 pm
Wow that is terrible! Eventually he will have to deal with the IRS and it will not be pretty.

What is your new husband's credit score?

Don't worry I'm here to help and we will figure this out. :D
Posted on: 03rd Jun, 2008 07:04 pm
Sell the house, pay off the mortgage, and give the husband the excess proceeds.
Posted on: 04th Jun, 2008 08:02 am
Hi jheard, I hope all is well. How does she entice her husband to sell the house?
Posted on: 05th Jun, 2008 07:17 am
Cliff: a motion to enforce the divorce judgment.
Posted on: 06th Jun, 2008 01:36 pm
O thanks! So with the motion to enforce her husband will be required to remove her from the mortgage?
Posted on: 08th Jun, 2008 08:12 pm
No, the order will require him to sell the property at auction. Once sold, the mortgage will be paid.
Posted on: 09th Jun, 2008 06:25 am
THANKS
Posted on: 09th Jun, 2008 08:14 am
Jay I really appreciate having you on this site. Where in Houston do you office?
Posted on: 10th Jun, 2008 06:01 am
Westheimer and Wilcrest
Posted on: 10th Jun, 2008 08:07 am
I'm out by the Galleria but, I used to live and work by the old Town and Country mall. Anything I can do to help you...
Posted on: 10th Jun, 2008 03:36 pm
Sorry about that mortgagefit had logged me out. The last post was from me.
Posted on: 10th Jun, 2008 03:37 pm
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