Property, per our divorce decree, was not meant to be kept by either party. Ex husband had 2 years to sell it but has not and it is now 6 years later. This property is hurting my debt to income ratio and hurting my ability to obtain a house, new car, etc.
In the title to your question contains "Quitclaim deed". If you are trying to ask whether using a QCD to transfer your interest in the property to you ex-husband will affect your credit score, no. You owe on the mortgage note, whether or not you are on the title. That would not change....Read more »
I was placed on the Deed 3 years after my parents got their mortgage. My Mother died. My father stopped making payments. The house is nearing courthouse sale. I was never placed on the mortgage and I don't think the bank was ever notified that I was placed on the Deed. How can the bank take... Read more »
If your parents transferred a half interest in the property to you, it was done subject to the bank's interest. By the way, the transfer may have been prohibited by a "due on sale" clause in the mortgage. In any event, simply because your parents transferred an interest in the...Read more »
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