Posted on: 03rd Nov, 2010 11:34 am
My wife bought the house in Texas before we were married only her name on the deed. She shrotsold the house we filled for divorce yesterday. The decree states the house as her property. The deed co. wants me to sign a conveyance to the deed. I want this sale to go through for her and the bank never involved me in short sale. I do not want this to effect my credit or be involved in any way. If I dont singed they say they can not close. what should I do
Welcome onelove,
If your name is mentioned on the mortgage docs, then the short sale will affect your credit and the lender can come after you for the deficient balance if your spouse is unable to pay it off. If your name is not on the mortgage, then the short sale won't affect you.
If your name is mentioned on the mortgage docs, then the short sale will affect your credit and the lender can come after you for the deficient balance if your spouse is unable to pay it off. If your name is not on the mortgage, then the short sale won't affect you.