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Dannicus
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Reged: 10/29/07
Posts: 2
How can she take the house without a job?
      #312766 - 10/29/07 04:04 PM

My wife wants to take the house, but there is no way she can take the mortgage. She doesn't work. The divorce papers have her taking the house and responsibility for the mortgage, but she doesn't work. What is the bank going to say? What should I do?

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jaiye
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Reged: 10/27/05
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Re: How can she take the house without a job? [Re: Dannicus]
      #312939 - 10/29/07 07:17 PM

Well you better try to foce a sale because if you don't the mortgage company is going to be coming after you for payment after it has been repoed. They don't care who the judge gives it to if both names are on the mortgage. Make sure that you don't sign the Quit Claim deed before she refinances to get your name off of the mortgage and her refinancing is the only way for your name to be removed so that you are not responsible for the payments. If she can't refi then she can't have it.

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Lucy44
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Reged: 07/11/05
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Re: How can she take the house without a job? [Re: jaiye]
      #313148 - 10/30/07 08:41 AM

" Make sure that you don't sign the Quit Claim deed before she refinances to get your name off of the mortgage and her refinancing is the only way for your name to be removed so that you are not responsible for the payments."

Sounds to me like she probably won't qualify to take on the mortgage herself, so refinancing won't happen. You need to sell the house.

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It enables you to recognize a mistake when you make it again.


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