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jhan6120
journeyman

Reged: 01/31/07
Posts: 60

Re-Finance Mortgage after divorce

07/11/07 11:13 AM

Hi. I'm in kind of a bind. One of the stipulations in my property settlement agreement for my divorce is that my wife will be signed off of our mortgage and I'll have to re-finance our home when I take over the mortgage myself.

The plan is to actually sell the home so that neither of us has to pay a mortgage, but the market sucks and it doesn't look like it's going to work out that way. Plus, the only way my soon to be ex will go away is if she's signed off of the mortgage.So it looks like I'll be stuck paying it myself.

Currently my credit sucks because the divorce process has drained me. I've barely made any money this year, and most banks require that a home be off of the market for at least 6 months before they'll refinance it. So it looks like my only solution is to take my home off of the market for six months, force my wife to stay on the mortgage but hold her legally harmless, and then refinance at a crappy rate six months later.

Anyone have any other suggestions?

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Entire topic
Subject	Posted by	Posted on
Re-Finance Mortgage after divorce	jhan6120	07/11/07 11:13 AM
Re: Re-Finance Mortgage after divorce	preemiemom	07/11/07 11:46 AM

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