I'm recently divorced. The ex quit-claimed the house, and the house was awarded to me under default dissoltion. I have been paying the mortgage, and all associated expenses for more than 18 months. It is an FHA loan.
I need to basically assume responsibility for the mortgage, and have his name removed from the loan. I have money in escrow from insurance for hurricane damage that I need to have paid out, to me in my name only, so that I can continue repairs. Right now, because he is listed as a borrower, the check would be issued in both names. He's long gone, and I won't be able to get him to sign a check.
Can I just present my paperwork, (the quit claim, the divorce decree, the bank statements, etc.) as proof that I've been solely responsible for the loan and assume the mortgage? Or, do I still need to pay the assumption fees, and qualify for the loan?
2006-06-23
04:13:06
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9 answers
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asked by
niffer's mom
4
in
Personal Finance