Posted on: 29th Oct, 2010 10:13 am
i was ordered to remove my spouses name from the mortgage in divorce.
the banks wouldn't do a thing i couldn't refinance his name off..i tried a short sale and that was denied by the mortgage company as well.
i can't afford to live in the house and becouse of the divorce i have filed bankruptsy. the first mortgage has started foreclosure. i am protcted from both becouse of bankruptsy however my x's name is still on the second mortgage...what can my x do.
my divorce decree saidi had to "to hold harmless" on dept on the house.
the second mortgage is 39,000. will they go after him and if they do what are his options and what if anything can he do to me????
please help??
the banks wouldn't do a thing i couldn't refinance his name off..i tried a short sale and that was denied by the mortgage company as well.
i can't afford to live in the house and becouse of the divorce i have filed bankruptsy. the first mortgage has started foreclosure. i am protcted from both becouse of bankruptsy however my x's name is still on the second mortgage...what can my x do.
my divorce decree saidi had to "to hold harmless" on dept on the house.
the second mortgage is 39,000. will they go after him and if they do what are his options and what if anything can he do to me????
please help??
Welcome robholler,
As your ex-spouse's name is mentioned on the second mortgage docs, if you file bankruptcy, the lender will go after him to recover the dues. Your spouse will become liable for paying the dues. If he does not do so, it will have a negative affect on his credit report.
As your ex-spouse's name is mentioned on the second mortgage docs, if you file bankruptcy, the lender will go after him to recover the dues. Your spouse will become liable for paying the dues. If he does not do so, it will have a negative affect on his credit report.
Does "harmless" mean if he is harmed and had or made to pay... Then he would be able to file a complaint. Can he sue her to pay the mortgage company even though she doesn't exist to them due to the bankruptsy?
He can't make money off this can he? He pays them then what?
He can't make money off this can he? He pays them then what?
Hi robholler!
Welcome to forums!
If the ex-spouse is made to pay, then he may be able to file a complaint against the other spouse. The ex-spouse can sue her but whether or not he will be able to make her pay for the loan will depend upon the judgment given by the court.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If the ex-spouse is made to pay, then he may be able to file a complaint against the other spouse. The ex-spouse can sue her but whether or not he will be able to make her pay for the loan will depend upon the judgment given by the court.
Feel free to ask if you've further queries.
Sussane