Compare Mortgage Quotes

lizzybanuelos · Joined: 11 Nov 2009 Posts: 1 1.39 Dollars($)

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?

adonis · Posted: Wed Nov 11, 2009 8:37 pm Post subject:

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.

Guest

Adonis, the loan was under both of our names.

Niicss · Posted: Mon Nov 16, 2009 2:07 am Post subject:

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.

gmakerley · Posted: Mon Nov 16, 2009 10:25 pm Post subject:

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.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

2nd Mortgage, 7 years later