Cynthiatorsch

Joined: 28 Oct 2009
Posts: 1
1.41 Dollars($)
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jenkin7

Joined: 04 Jun 2007
Posts: 4537 Location: Hawaii
728.43 Dollars($)
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Posted: Thu Oct 29, 2009 2:17 am Post subject:
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Hi Cynthia,
If your ex-husband was ordered by the court to make the payments on the mortgage, he is legally liable to do so. You are still listed on the loan. So, if he stops making the payments, it will affect your credit scores. If he files chapter 7 bankruptcy and lets the property go into foreclosure, your credit will be damaged. But, you can file a lawsuit against him for contempt of court order and force him to either make the payments or sell the home.
Is he on the loan? If he is on the loan and you fail to refinance the property in your name, his credit will be affected in case you default. Otherwise, there is no way his credit will be affected by the default. If he still refuses to let you take over the property and the mortgage payments, you should take this matter to court. |
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