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  1. #1
    Join Date
    Sep 2010
    Posts
    478

    Default Re: What Happens if Your Ex- is Still on the Mortgage and Files Bankrupty

    I think you are panicking over nothing. In the 30 years I have been in this business I have never seen a mortgage lender foreclose in a situation as yours unless payments were in default. The lender does not want the property. What it wants is the monthly payment.

    Des.

  2. #2
    Join Date
    Sep 2010
    Posts
    19,901

    Default Re: What Happens if Your Ex- is Still on the Mortgage and Files Bankrupty

    Yes, not in these days of minimal interest rates, back in the spiralling rate hikes of the 70's, they were really more involved in tracking off-the-books assumptions. The problem is to make sure you have the information to make sure the payments get made. My previous post was based on the payments not being made.

    I'm still confused as to why refi is difficult. If your divorce says you need to refi it, you may be in contempt of that order (though this is often not enforced). Your ex was a fool to deed the property over without also getting rid of the mortage. If she indeed is using a chapter 7 mortgage, it's not care why she cares at this point. The loan is going to be discharged from her responsibility.

  3. #3
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: What Happens if Your Ex- is Still on the Mortgage and Files Bankrupty

    Quote Quoting flyingron
    View Post
    Yes, not in these days of minimal interest rates, back in the spiralling rate hikes of the 70's, they were really more involved in tracking off-the-books assumptions. The problem is to make sure you have the information to make sure the payments get made. My previous post was based on the payments not being made.

    I'm still confused as to why refi is difficult. If your divorce says you need to refi it, you may be in contempt of that order (though this is often not enforced). Your ex was a fool to deed the property over without also getting rid of the mortage. If she indeed is using a chapter 7 mortgage, it's not care why she cares at this point. The loan is going to be discharged from her responsibility.
    Psst: OP's name is Anne w

  4. #4
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: What Happens if Your Ex- is Still on the Mortgage and Files Bankrupty

    Quote Quoting llworking
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    Psst: OP's name is Anne w
    I thought of that but considered the possibility that this is a same sex marriage where she refers to her partner as husband.

  5. #5
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: What Happens if Your Ex- is Still on the Mortgage and Files Bankrupty

    Quote Quoting adjusterjack
    View Post
    I thought of that but considered the possibility that this is a same sex marriage where she refers to her partner as husband.
    That is possible, but in my experience in female same sex marriages they generally both refer to each other as "wife".

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