In my divorce ex was given 100% of house (and payments) mortgage company won%26#039;t take my name off the loan, so she pays late every month to spite me. It%26#039;s ruining my credit. Divorce papers say I am not to be held responsible, mortgage company says different. What can I do to fix this?????
Ex has house, pays late goes on my credit report?
It%26#039;s going to be long and drawn out. The only thing you could try would be to contact the reporting agencies and give them a copy of the decree that supports this. They may or may not take it off.
Ex has house, pays late goes on my credit report?
The house has to be re-financed! The court should have made that clear! The mortgage company is right and can not just take your name off, it has to be re-financed!
The good thing is rates are low right now! Maybe be nice and offer to pay the cost of the re-finance ($1,500 to $3,500) if you are able????
Ex has house, pays late goes on my credit report?
Maybe you should look into obtaining an attorney who deals with credit issues and situations such as this. It is not fair to you to have your credit ruined because of her tactics. They can help you and they can also attempt to fix your credit by writing letters about the situation which can benefit you.
Ex has house, pays late goes on my credit report?
Call your lawyer. I don%26#039;t think a private company (mortgage lender) can over-rule the law. That said, it could be that they are missing a key piece of information that would allow them to remove your name from the loan.
Ex has house, pays late goes on my credit report?
boo... same thing is happening to my boyfriend. His credit is DESTROYED - same exact situation except she is responsible for paying the loan until they sell the house and split the profit.
I would re-file with the court to ammend your agreement. Also, read the agreement carefully. There should be a clause in there that states that neither one of you can cause debt or financial stress for the other. If she isnt abiding by this you can file for a contempt of court order and have her thrown in jail if she doesnt comply. I would also ask the court to provide you paperwork for the mortgage co. %26amp; the three credit agencies. It cant hurt to send them the info right??
Just make sure you fill out your paperwork in DETAIL or the court wont hear anything but what is on the appeal.
good luck!
Ex has house, pays late goes on my credit report?
Get a lawyer, and have him/her fix it for you.
Ex has house, pays late goes on my credit report?
get a good lawyer and keep copies the divorce.also send her a get well card.
Ex has house, pays late goes on my credit report?
The divorce decree does not change the mortgage agreement. The bank is not obligated to change its agreement because it was not in court representing its interests. Your ex was supposed to make the changes that the decree had. This would have involved refinancing. However, since she did not do this (or was not capable of doing this) the original mortgage still stands. You are on that mortgage and are also responsible for it even though the house is no longer in your name. What you need to do is find a way to get the house refinanced in her name. That might be tough since her credit is probably as bad or worse than yours.
Here are some articles that discuss this.
http://www.bankrate.com/brm/news/debt/20...
http://www.bankrate.com/brm/news/DrDon/2...
http://www.bankrate.com/brm/news/DrDon/2...
Ex has house, pays late goes on my credit report?
if the house is under your name, sell it, if court says the house is hers, if any equity then give it to her. that way your credit is not getting a negative report every month shes late. im sure this is ok with court since technically she will get any money that you earn from the sale of the house.
Ex has house, pays late goes on my credit report?
Have your attorney speak with the judge.
You really needed to have the home refinanced in HER name and it is possible to do this through the courts.
Also, call the mortgage company and let them know what is going on... they may say %26quot;it%26#039;s your problem%26quot; but there will likely be a record that you called (ask them to put notes of your conversations in your file).
If you have a COURT ORDER making her refinance the house in her own name, she has to do it.
take care.
Ex has house, pays late goes on my credit report?
Seek legal assistance. I know you don%26#039;t want to hear it, but you need to go and talk to a lawyer about what you can do about it.
I%26#039;ve had the same situation with a credit card prior to the divorce. She got the card, ran it up and didn%26#039;t make any payments. I found out through my credit report, called Capital One and verified that I had a credit card, but they refused to send me the statements or give me the account number. Even though, the address was different than where I live and had been living for years. I couldn%26#039;t even obtain a mailing address. Now, that is total BS. So, now, I have an outstanding debt, with late charges etc; in my name. Plus, all those late charges shouldn%26#039;t be applied because I never had the chance to pay the debt off. Believe this or not, her name isn%26#039;t even affiliated to the card! How can that be allowed?
Ex has house, pays late goes on my credit report?
My ex-boss went through this with his ex-wife. He got the house but had to refinance in order to get her off of the mortgage. I think that is the only way to stop having it go on your credit. Talk to your lawyer and the Mortgage company. She should have refinanced as soon as she was awarded the house.
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