powersmf
recently joined
Reged: 03/26/07
Posts: 6
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I have been divorce since 2000 in Texas. The divorce decree states that I am responsibly for the “indebtedness to Wells Fargo Home Mortgage for the mortgage on the house atxxxxxxxxxxxx" My ex obtained a home equity and consolidation loan with another financial institute, paid off the orginal mortgage and expects me to pay. I feel that I am free from any obligation since she obtain another loan on her own, without my knowledge. What do you think
Edited by powersmf (03/26/07 11:02 PM)
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Rebecca5
Carpal \'Tunnel
Reged: 06/02/05
Posts: 11697
Loc: Down home.
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I think you should take the address out of your post immediately.
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googledad
Carpal \'Tunnel
Reged: 12/31/05
Posts: 10207
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You are still responsible for the original mortgage as per your divorce decree , her refinancing DOES NOT relieve you of that responsibility .
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Careful. We don't want to learn from this.
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powersmf
recently joined
Reged: 03/26/07
Posts: 6
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So, she can continually refinace and I have to pay. How and why is that. What should I be responsibly for another mortgage, she did not let me knw anything about it. What about pushing the issue to modify the decree
Thanks
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googledad
Carpal \'Tunnel
Reged: 12/31/05
Posts: 10207
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You are responsible for the original amount , not anything inflated due to debt consolidation .
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Careful. We don't want to learn from this.
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powersmf
recently joined
Reged: 03/26/07
Posts: 6
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Thank you, was not thinking, lol
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Miranda
Carpal \'Tunnel
Reged: 06/02/05
Posts: 20822
Loc: North of Mexico
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[quote]You are still responsible for the original mortgage as per your divorce decree , her refinancing DOES NOT relieve you of that responsibility . [/quote]
If she re fi=ed wouldn't/cpouldn't the original loan be paid off?
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13.1...because I am only half crazy!
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powersmf
recently joined
Reged: 03/26/07
Posts: 6
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The orginal loan that we both signed is paid off, she refinanced on her on with a differernt bank within the same corporation(i.e Wells Fargo Home Mortgage to Wells Fargo Financial) I have a letter stating that the loan (orginal) was paid off
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googledad
Carpal \'Tunnel
Reged: 12/31/05
Posts: 10207
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He agreed to a debt and the debt still exists just in a different form .
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Careful. We don't want to learn from this.
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powersmf
recently joined
Reged: 03/26/07
Posts: 6
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I agree that I would pay the house (why, I have no idea, i guess thats what drinking does, lol) However, so instead of paying off the mortgage in 2028, I have to pay until 2037. Somethings wrong with that pictures. I feel you made a decision to refi and pay off her debt without talking to me, she needs to live with that decision. I feel that the debt that was owed was paid in full.
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