Short Sale After Divorce?
I met with a lady today who's house is in foreclosure. She got a divorce about six months ago. In the divorce settlement she got the house which was originally in her husbands name. The house and loan is still in his name. I cannot talk to the lender because I do not have his signature.
Does the loan transfer into her name after the divorce?
She was not able to refinance because she has bad credit.
If I send the lender the divorce decree will they discuss the loan with me?
Who's credit is at stake? His or Hers?
Does the loan transfer into her name after the divorce? No.
If I send the lender the divorce decree will they discuss the loan with me?
You'll need the owner's signature.
Who's credit is at stake? His or Hers?
His.