Start Your Divorce Today - Premium Divorce Online


Divorce Source Community Forums >> Property and Debt

Jump to first unread post. Pages: 1
jamesish
recently joined


Reged: 05/15/07
Posts: 2
Wife can't refinance/house worth less than loan...
      #235539 - 05/15/07 04:09 PM

My STBX bought a house that I didn't want while I was overseas using a power-of-attorney I had left with her.

She (in fairness) is taking the house, and I've already said I will take no equity, of course not paying any of the payments or repairs.

Now she is telling me (we are filing monday) that she will be unable to rifinance, and that there have been more things to go wrong with the house so it would not sell for the $89,000 left on the loan.

How do I get myself out of being responsible for the remainder on the loan if she can't refinance and if it sells for less than it is worth?


Post Extras: Print Post   Remind Me!   Notify Moderator  
Spring
Carpal \'Tunnel
**

Reged: 06/02/04
Posts: 7972
Re: Wife can't refinance/house worth less than loan... [Re: jamesish]
      #235590 - 05/15/07 06:13 PM

I'm not sure you can...and if if there is a way, I think you need to be sure she is telling you the truth.

--------------------
Never consider the possibility of failure; as long as you persist, you will be successful.


Post Extras: Print Post   Remind Me!   Notify Moderator  
jamesish
recently joined


Reged: 05/15/07
Posts: 2
Re: Wife can't refinance/house worth less than loan... [Re: Spring]
      #235594 - 05/15/07 06:26 PM

Yeah I've already found fault in a few of her statements, so I'm going to consult a lawyer about it, just hoping for something concrete before I drop a bunch of money on a lawyer.

Post Extras: Print Post   Remind Me!   Notify Moderator  
Spring
Carpal \'Tunnel
**

Reged: 06/02/04
Posts: 7972
Re: Wife can't refinance/house worth less than loan... [Re: jamesish]
      #235615 - 05/15/07 07:17 PM

How about, at a minimum, getting an evaluation from a Realtor of your choice...at least you'll know what the value might conceivably be, at it should't cost you anything.

--------------------
Never consider the possibility of failure; as long as you persist, you will be successful.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Pages: 1



Extra information
0 registered and 1 anonymous users are browsing this forum.

Moderator:  dsAdmin 

Print Topic

Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is disabled
      UBBCode is disabled

Rating:
Topic views: 2139

Rate this topic

Jump to

Contact Us Divorce Source Home

*
UBB.threads™ 6.5.1.1


Resources & Tools
Start Your Divorce Online Start Your Divorce
Several Options to Get Started Today.
Divorce Tools Online Divorce Tools
Keeping it Simple to Get the Job Done.
Divorce Downloads Download Center
Instantly Download Books, Guides & Forms.
Divorce and Custody Books Discount Books
Over 100 of the Best Divorce & Custody Books.
Negotiate Online Negotiate Online
Settle your Divorce and Save.
Custody and Support Tracking Custody Scheduling
Make Sure You Document Everything.

Easily Connect With a Lawyer or Mediator
Have Divorce Professionals from Your Area Contact You!
Enter Your Zip Code: