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Get a court order

2007-03-17 22:50:39 by nwgent

Becuase you are in the divorce proceeding trying to get the mortgage company to work with you will be a disaster and it flags you as a potential money maker for them. Your equity will be theirs if they can forclose. Do not say a thing to them until you have spoken to your lawyer. The courts can direct the mortgage be paid due to the childrens primary residence. He has no choice even if he says he can't pay for his apartment. You cannot rent the place out becuase you know its in the courts hands in the property division. To rent would not be fair to the family you put in your home if you have to come back and change the rental agreement

Refinancing

2009-01-15 03:48:43 by thefortunateone

There is usually a stipulation in the divorce agreement that the spouse keeping the house has to refinance within 120 days. However, there is paperwork that he can sign removing him from the loan as long as there are no additional liens or home equity loans on the house. You will just need to get his name off of the mortgage. Once the divorce is final, check with your mortgage company.

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