My ex is money hungry
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Posted: Mon Feb 21, 2011 1:55 pm Post subject: DIVORCE-FORECLOSURE
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Hello, Im divorced in California. The divorce agreement reads that I will take full responsibility for the house and will refinance within 90 days to get her name off the mortgage. I attempted the refi with no luck, the house was worth less than I owed. I made the full payment of 2150 for over a year. I then attempted to remodify the morgtage, which meant being behind on payments. I informed the exwife of the situation (about missing payments to try to remod) she didnt care, she knew her credit was going to be bad for a while. The remodification process really can take a long time. I told the bank that if they could make my mortgage 1500 a month, I had no problem making the payment. The bank had me fill out numerous packages to try to qualify for different programs, all to no avail. I offered the house to the ex wife to see if she wanted to deal with it. She said no. In the meantime, I moved out and rented the property while I tried to remodify the mortgage. I would have kept the house as a rental if the remod was right. I collected rent for some period without making a mortgage payment. The house now has an auction date set and will foreclose. My ex wife says she is entitled to half of the rent I have collected and 10% interest. I think she is just mad and being money hungry. She put no effort into calling the bank or trying to remod the house. I put in countless hours in on the phone and filling out paperwork. Is she entitled to anything? She thinks I owe it to her because I ruined her credit, her credit was ruined well before I made any money on the property. I attempted to get her name off the loan, it just wasnt that easy. She made no effort to get her name off in order to keep her credit good...
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