I am recently divorced and want to keep my home

Guest

I recently divorced a scorn man. I sold my 1st home and used the profit to purchase my current home in 2002. My mother helped me qualfiy for the loan. In 2007, I refinanced my loan, removed my mother and added my husband. 7 months later, he abandoned his family. My house was scheduled for foreclosure so I placed my house on the market for a shortsale. Due to lack of cooperation from my scorn ex-husband, the judge awarded me authority to sign all docs associated with the short sale. By the grace of God, I found out about NACA. They are assisting me with my efforts to modify my loan with my income only. However, my ex-husband will not sign any forms. My home is upside down in value. I owe $580,000 but it is work less than $300, 000. NACA and Bof A are considering lowering the principle balance and offering a loan I can afford. Meanwhile, I need to have my ex-husband removed from the loan. What can I do. My mother is willing to help me retain my home anyway possible. Thanks for you help in advance.

uyyasmin · Joined: 20 Oct 2009 Posts: 2 1.31 Dollars($)

There is isn't really hope for settlement issues? Is your husband so hard regarding on that matter? Well I guess the problem is really with your husband, oh I mean ex-husband. Just keep on doing what is right and fight for what is legal. God bless you.

savior70 · Posted: Mon Oct 26, 2009 4:46 am Post subject:

To lovin,

You will have to refinance the loan in your name if you want to remove his name from the loan. But that does not seem to be possible as the property is underwater. What I do not understand is, since you have been given the full authority to sign loan related docs, why do you need your husband to sign the forms? I believe your signature alone should be enough to help you get the modification, because your lenders are trying to modify the loan with your income only. Your ex-husband’s income etc. has nothing to do with the loan modification.

Guest

I am having the same problem. My husband (soon to be x) will not sign the loan modification papers because he doesn't want to be 'responsible' for the note on the home. I can't refinance because the original loan shows late payments even though I have been paying on a forebearance plan since February. Even though the new plan is based on my information/salery only, they will not allow only my signature! Its infuriating! I haven't been able to find a solution and the home may very well end up in foreclosure in the end.

savior70 · Posted: Tue Nov 10, 2009 4:35 am Post subject:

Hi,

Are you the only person on the loan? Or is he also on the mortgage note? If you're the sole borrower, there's seems to be no reason why the mortgage company wants him to sign the modification papers. But in case, he is on the loan, he is already liable for the mortgage payments. In that case, you will have to convince him that he's responsible for the loan and signing the documents is not going to increase his responsibility.

chrishot85 · Joined: 09 Nov 2009 Posts: 16 3.30 Dollars($)

This is good you can keep your house. I think that you can talk with your lender and tell him about your $300, 000. and inform that can you modification loan.

Good Luck....... Laughing

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