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Ex-husband quit claimed house in divorce but mortgage is still in both names He now is filing Chpt 7 bankruptsy Is the house in jepardy?
I would check the wording of the divorce ruling - especially the section dealing with the division of the marital assets and property. I hope that your attorney protected you from something like this occurring! Quit claiming the house to you does NOTHING to deal with with the financial obligation. The mortgage holder doesn't care if you're married or divorced, all they want is their monthly check, and whoever is on the loan documents they will come after. Some states protect the debtors primary residence from seizure in bankruptcy but you will have to check to see if that is true in your state. If I were you I would contact an attorney immediately (#1) to make sure that all the provisions of the divorce order were complied with and (#2) that you are protected properly.
What else can I help you with?
Can you get marriage after you get divorce in week?
umm yes you can. i divorced my exhusband and he was legally remarried 6 days later O.o as long as you have the final divorce papers...
Do I have a right to telephone my child when they are with my exhusband?
in my opinion no. unless it is stated in the divorce papers or he says you can, then its harrassement, if he tells you know.
Mortgage rights in divorce?
Your question is _________?
If your exhusband paid for repairs on property you inherited after your marriage can he demand restitution or make a claim on the property if you divorce or you die?
Yes, he may have a valid claim. You should discuss the matter with an attorney who specializes in divorce law.
Your exhusband and you are mortgagees on your 1st mortgage you got house and debt in divorce you want to get a 2nd mortgage with your Dad as co-signer on Note Is this problematic?
You need to find a title attorney, take your wife off title, and add your father to title. Most mortgage companies have seasoning requirements of anywhere between 90-days and 12-months. Go through a mortgage broker and tell them the entire situation. They will find a lender with lower seasoning requirements. A broker may be able to educate you more on the mortgage side but very limited with title issues. Ask him or her their lowest seasoning requirements.
If you divorce your husband my name still on mortgage can I be liable for the foreclosure?
Yes. The best thing would be to either get the house in the divorce, or get everything, including the mortgage, signed over to your soon to be ex.
Who pays the mortgage after a divorce?
the one that stays behind.Not the one that moves out
Do I owe my husband mortgage money if we divorce?
That will be decided by the judge or your attorneys.
Do chapter 7 bankruptcy relieves you of a mortgage in a divorce but the spouse stills lives in the home?
Filing for Chapter 7 bankruptcy will discharge your personal obligation to pay the mortgage, but it does not remove the lien on the property. Therefore, the mortgage lender can still foreclose on the home if the mortgage payments are not made. In a divorce, the issue of who is responsible for the mortgage payments would typically be addressed in the divorce settlement or court order.
2 homes with mortgage on both divorce and one files bankruptcy?
Was the bankruptcy before or after the divorce? I don't think it matters however, the bank can always go after the cosigner on a mortgage if they didn't file bankruptcy as well.
How can I get a loan for a home since my name is on the mortgage of the ex husbands house and in the divorce he is responsible to pay for it?
Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.
What are the implications of getting a divorce on a mortgage"?
Getting a divorce can have implications on a mortgage because it may require one spouse to refinance the loan or sell the property in order to remove the other spouse's name from the mortgage. This can impact credit scores and financial stability for both parties involved.
