When my credit was run, I found he was late every time and this has adversely affected my credit. Is there anything I can do?
2006-07-13 02:11:06 · 3 answers · asked by apt. dweller 1 in Business & Finance ➔ Personal Finance
I would recommend calling Rodney Anderson with CTX mortgage. They do loans in 45 states. www.rodneyanderson.com.
He will be able to tell you what options you have and if anyone can get you a loan it should be him. I know people who have used him and were thrilled with his services.
2006-07-13 03:39:59 · answer #1 · answered by Thrasher 5 · 0⤊ 1⤋
Unfortunately the security deed (mortgage) and warranty deed (title) are 2 separate instruments. By signing over the house to your ex-husband - gave him the asset but left you with the financial responsibility to pay. Is he on the mortgage as well? If he is you need to get him to try and refinance it to remove you from the financial responsibility. Look at your credit report and see how many times the payments have been late in the last 12 months. If he is not on the mortgage, you need to get him to refinance it into his own name or sell it. I would keep close eye on this. It is your credit at stake here. You may need to step in and make the payments to avoid the possibility of him not making payments and the home going into foreclosure. And it does not matter if the agreement in your divorce settlement was to give him the home. You signed the promissory note and you are financially responsible until it is paid in full.
2006-07-13 10:11:43 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, you are pretty much scr***d. Sorry to hear that.
2006-07-13 09:15:07 · answer #3 · answered by Okkieneko 4 · 0⤊ 0⤋