I have decide I am not an on- line class taking person. The motivation is for real difficult especially since nice weather is on the way. Speaking of weather Mother Nature has lost her cool
Homeownership After Divorce 3 Great Tips
1. Did you know that until the property is refinanced into the name of the person keeping the property that the mortgage liability remains on both borrowers’ credit report?
2. While a Divorce Decree may state who is responsible for the current mortgage liability, if the responsible person stops making the mortgage payments all together or doesn’t make the payments on time, it can affect the credit score and credit history of both individuals who signed the original mortgage Note. Don’t let your credit be ruined because your ex-spouse has stopped paying the mortgage payments on a home you don’t even live in anymore.
3. Signing a quit claim deed only eliminates your rights of ownership to the property, it does NOT eliminate your responsibility and liability for the mortgage payment if your name is still on the loan.
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