Professor Ward

InnoVest Resource Management's

Foreclosure Forum

Discussion Board

Foreclosure Training

Title Holding Trust

Speaking Schedule

Foreclosure Codes

50 State Foreclosure Basics

Foreclosure Glossary

60+ Yrs Interest Rates

News & Trends

FAQ

Dingbat Retirement Plan

Links

Contact / Map

Home

 

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

Re: If title to the property is still in her name.

Posted by Ward-CA- on December 11, 2001 at 6:35 PM

In Reply to: Can my wife take back her house after divorce from ex? posted by Jim Maurine on December 11, 2001 at 9:35 AM

: My wife recently found out that her ex husband is loseing his house. He's already went through the sheriffs auction, and he's now in the 6 month redemption period. I'm wandering if it's possible for us to buy the house? Her name is still on the mortgage, and the title. She gave him the house durring the divorce, but didn't get a quit claim deed. Does she have any rights? The foreclosure is showing up on her credit record, won't that destroy her credit as well? I would think she would have some right to the house am I wrong? Need help quick, the redemption period runs out in 2 months.

=•=•=•=•=•=•=•=•=•=•=

Jim, what document did your wife use to give her interest in her earlier house to her ex-husband? Was it recorded at that time?

How do you know that your wife’s name is still on the title of the property?

The fact that the foreclosure is also in your wife’s name means that she didn’t get the lender to remove her name from the now-defaulted loan at the time of her divorce. Since her name is still on the loan it will be reflected in the foreclosure of said loan. So yes, your wife’s credit will be adversely affected by the foreclosure.

Your wife won’t have any right to any property uless her name is currently on title.


Waiting for answers to the above questions.




Follow Ups:


Post a Followup:

Name    : 
E-Mail  : 
Subject : 
Comments: Optional Link URL: Link Title: Optional Image URL:


[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Our home page is at http://www.foreclosureforum.com

Copyright © 1997-2001, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455

[an error occurred while processing this directive]