Posted on: 11th Nov, 2009 05:29 pm
hi everyone, i have a question. i divorced in 2002. our home went in for foreclosure. we had a second mortgage for 7,000. our divorce papers indicated that my ex would take over all payments. years latter he filed bankruptcy. now seven years latter, i am told to pay 10,000 or offer a them a settlement. can they do this after this long?
Hi lizzybanuelos,
You will have to check out whether or not your ex-husband refinanced the property in his name. If he has done so, then the lenders will not be able to charge the dues from you.
You will have to check out whether or not your ex-husband refinanced the property in his name. If he has done so, then the lenders will not be able to charge the dues from you.
Adonis, the loan was under both of our names.
I guess, your ex did not refinance the property after the divorce settlement. As a result, your name is still mentioned in the mortgage deed. So, the lender wants you to pay off the said amount.
i would imagine that the term for the second mortgage was greater than 7 years (maybe 25 or 30?). it would seem that they've not received all of their payments and are seeking a remedy.
