Posted on: 01st Oct, 2009 02:52 pm
I own a house with my ex-husband and when we divorced, the agreement was that he would sell or re-fi to have my name taken off of the loan. He is unable to do this but there are no repercussions listed in the agreement like I thought there were. I have spoken with the lender but they say all he can do is try to re-fi. I have the right to remove him from the deed because of too many missed payments and force him to move out. I cannot afford the home nor do I want it. Do I have any other options?
Hi harlequinne!
Welcome to forums!
It is true that your name will not be removed from the property deed unless he refinances the mortgage in his name. However, things will be difficult for him because he has missed the payments. Lenders will not be ready to refinance the loan if he has defaulted on the mortgage payments. In my opinion, it would be better if you can ask him to sell off the property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
It is true that your name will not be removed from the property deed unless he refinances the mortgage in his name. However, things will be difficult for him because he has missed the payments. Lenders will not be ready to refinance the loan if he has defaulted on the mortgage payments. In my opinion, it would be better if you can ask him to sell off the property.
Feel free to ask if you've further queries.
Sussane
you are not interested in property. ask him for refinance as you have already discussed with lender.
sell is the last option. note that in this case lender may ask you to pay deficit amount. & then your Ex may ask to pay 50% of that
sell is the last option. note that in this case lender may ask you to pay deficit amount. & then your Ex may ask to pay 50% of that
refinanace is good option
i suppose if your ex-husband is unable to refinance, then the suggestions to have him refinance don't hold a whole lot of water, eh?
you could go back to the court and have the court order for a sale, i suppose. would that be satisfactory to you?
you could go back to the court and have the court order for a sale, i suppose. would that be satisfactory to you?
Games,
There is no need to go to court again. it is alrady specified in court decision.
Her Ex husband has two choices. Either to Refi or sell it
There is no need to go to court again. it is alrady specified in court decision.
Her Ex husband has two choices. Either to Refi or sell it
If you are keepign the house as of now and you canoot afford to pay the mortega then you cna go for shortsale or deed in lieu before the house goes in toe foreclosure
In a shortsle you may need to pay the deficient amount
In deed in lieu you donot pay anything after the agrrement is done
If you go with foreclosure you may pay the deficeint amount
In a shortsle you may need to pay the deficient amount
In deed in lieu you donot pay anything after the agrrement is done
If you go with foreclosure you may pay the deficeint amount
Do you have equity in house? if yes ask him to sell
otherwise, he can refinance in his name
otherwise, he can refinance in his name
i guess a lot of you neglected to read the original post carefully. please do so - it is not especially valuable to offer advice that is based on incorrect information. the poster said: "He is unable to do this" in reference to refinancing or selling the home.
to tell our poster that he can refinance or sell is clearly incorrect. when giving advice, it is essential that the advice given be helpful to those who inquire.
please try to dispense valid information.
to tell our poster that he can refinance or sell is clearly incorrect. when giving advice, it is essential that the advice given be helpful to those who inquire.
please try to dispense valid information.
Looks liek every oen tryign really hard George
huh? who is trying hard? if they're trying hard, why is it that the responses are such a mess? it's a simple matter of actually reading what has been asked and then responding to that query. this off-topic palaver is not helpful to anyone.
hi
harlequinne
You could talk with a lawyer and possibly take him to court over this, but I'm not so sure that the court would be able to make him refinance the vehicle
Regards
harlequinne
You could talk with a lawyer and possibly take him to court over this, but I'm not so sure that the court would be able to make him refinance the vehicle
Regards
johnvalley...Reading Is Fundamental! that's what they've been touting on tv for years now...that reading is essential to understanding. understanding needs to precede providing answers to questions.
where in the world did you get this silly notion that a vehicle must be sold? there's no mention of any vehicles in this thread that i can spot.
i suppose you are "trying hard" though.
where in the world did you get this silly notion that a vehicle must be sold? there's no mention of any vehicles in this thread that i can spot.
i suppose you are "trying hard" though.
Looks like it George
But some times may be too hard
But some times may be too hard
please review the definition of sarcasm