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The Water Cooler
General Discussion
Gonna need a place to live sson.
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<blockquote data-quote="HMFIC" data-source="post: 1949851" data-attributes="member: 7539"><p>Be very careful about this part brother. It doesn't make a hill of beans if you quit claim and have the decree, if she misses payments or worse gets foreclosed at any point in the future, YOU can still be on the hook and it will effect your credit. It doesn't matter what the mortgage company tells you, your name is still on that note and a divorce decree signed by a judge doesn't negate that contract. I would force the issue and sell the house, deal with the proceeds or MAKE her refinance it under her name ONLY. Trust me on this one... you cannot just trust that everything will be ok.</p></blockquote><p></p>
[QUOTE="HMFIC, post: 1949851, member: 7539"] Be very careful about this part brother. It doesn't make a hill of beans if you quit claim and have the decree, if she misses payments or worse gets foreclosed at any point in the future, YOU can still be on the hook and it will effect your credit. It doesn't matter what the mortgage company tells you, your name is still on that note and a divorce decree signed by a judge doesn't negate that contract. I would force the issue and sell the house, deal with the proceeds or MAKE her refinance it under her name ONLY. Trust me on this one... you cannot just trust that everything will be ok. [/QUOTE]
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The Water Cooler
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Gonna need a place to live sson.
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