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powersmf
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Who owes the new mortgate
      #215841 - 03/26/07 09:33 PM

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
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Re: Who owes the new mortgage [Re: powersmf]
      #215861 - 03/26/07 10:28 PM

I think you should take the address out of your post immediately.

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googledad
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Re: Who owes the new mortgage [Re: Rebecca5]
      #215862 - 03/26/07 10:35 PM

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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powersmf
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Re: Who owes the new mortgage [Re: googledad]
      #215868 - 03/26/07 10:55 PM

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
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Re: Who owes the new mortgage [Re: powersmf]
      #215872 - 03/26/07 10:58 PM

You are responsible for the original amount , not anything inflated due to debt consolidation .

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powersmf
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Re: Who owes the new mortgage [Re: Rebecca5]
      #215873 - 03/26/07 11:00 PM

Thank you, was not thinking, lol

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Miranda
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Re: Who owes the new mortgage [Re: googledad]
      #216221 - 03/27/07 08:02 PM

[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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powersmf
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Re: Who owes the new mortgage [Re: Miranda]
      #216269 - 03/27/07 08:51 PM

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
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Re: Who owes the new mortgage [Re: Miranda]
      #216287 - 03/27/07 09:24 PM

He agreed to a debt and the debt still exists just in a different form .

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powersmf
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Re: Who owes the new mortgage [Re: googledad]
      #216621 - 03/28/07 09:38 PM

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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