Trying to buy House, But have BIG PROBLEM

[Chili]

So is there anything a attorney can do or any other options a attorney can suggest to us. With a handful of stories like mine and all alike. How is it that this is still a problem in this country for divorced couples. I just dont understand why this problem has not been addressed in the laws of this land. Another reason not to get married or buy anything to together

It's not something any law should address.. The bank agreed to make the loan based on the worthiness (credit and income) of the two borrowers, married or not. They are not going to let either off of the hook unless the other can fully qualify on their own. Just because the two borrowers decide to go their separate ways at a later date should not automatically release their obligation. They both agreed to take on the debt, and to repay it.

There are many consequences of divorce, and this is just one of them.

[Chili]

For those that posted about the quit claim deed.. You guys need to know that that alone will not remove the person from the note, and does not release them from liability for the same. The only thing that does is gives up ownership interest.

This is the reason I did not put my ex on the loan when I bought my house.

Edit: Bob beat me to it.

[bobs94formula]

I believe the from you need her and the ex to sign is called a "quick claim" and it absolves her of any responsibility on the home even though she remains on the note.

They called mine a quick deed. Sure there are different names for it.

Quit claim deeds do not absolve the person from the financial responsibility if their name is on the note on the property. I just went through this with my dad's property, my uncle's name was on the deed and the loan for the back taxes. Even though he signed a quit claim deed, if I didn't pay off the loan they would have come after him because my name wasn't on loan.

Like Adam said your only options are to have the ex refi in his name or sell it. People who get divorced either need to force the other party to refi or force the sale of the items, whether cars, property, etc.

[GE]

Remember not to use an accelerant if you take Paul's advice!

No no no. Use an accelerant, but one that doesn't leave a trace behind.

Fucked. Proper fucked.

[GrayStangGT]

Why not offer the ex a couple grand if he will refinance in his name? Seems like it would be worth it, if it means yall can move on with your lives.

[black50]

sounds like the best option would be is for her to play nice with her ex, talk him into a refinance into his name only and yall pay for any and all costs for the transfer(closing costs)

[GrayStangGT]

Remember not to use an accelerant if you take Paul's advice!

Everyone knows you rip the gas line off the stove and aim it at the old school thermostat for ignition.

Remember not to use an accelerant if you take Paul's advice!

[ELVIS]

dont forget you could just burn it down and collect insurance skrilla.

god bless.

[Baron Von Crowder]

Right! Im pushing 40 and not getting any better looking

Did yall get married and I missed it?

[SEB]

says the guy wanting to buy a house together with his girl?

Right! Im pushing 40 and not getting any better looking

[Cooter]

Another reason not to get married or buy anything to together

says the guy wanting to buy a house together with his girl?

So is there anything a attorney can do or any other options a attorney can suggest to us. With a handful of stories like mine and all alike. How is it that this is still a problem in this country for divorced couples. I just dont understand why this problem has not been addressed in the laws of this land. Another reason not to get married or buy anything to together

These are your options dude:

If they are both on the note there just a few options.

Sell it.
Refinance only in his name.
Try for an assumption into his name if it's eligible.

Before he could provide 12 months cancelled check posting out of his own account in his name only to show continuity of obligation, but now that doesn't really fly anymore if she's co-signed.

[SEB]

So is there anything a attorney can do or any other options a attorney can suggest to us. With a handful of stories like mine and all alike. How is it that this is still a problem in this country for divorced couples. I just dont understand why this problem has not been addressed in the laws of this land. Another reason not to get married or buy anything to together

[Captain Crawfish]

Name has to come off note. Been through this already. She may be able to show it as a rental but it's tough getting loans for two homes