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I purchased a house in 2004. I got married in 2008. I got divorced in 2022. I stopped paying the mortgage in 2019 and moved to a different state. The bank refuses to foreclose on the property and is not letting me try to let my exhusband assume the payments because he was never on the mortgage or the deed. How do I get the bank to no longer make me liable for the mortgage? What options do I have to get out of the mortgage and deed? My exhusband was denied a mortgage loan so how can I get him to assume the payments since he lives there? The mortgage is ruining my credit and has not benefitted me in any way.
1 ANSWER
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When credit is harmed from non payment, one effective solution is a bankruptcy. A bankruptcy eliminates any personal obligation for a mortgage. Following a discharge in bankruptcy, you will have a fresh start and may begin to rebuild your credit.
There is no other way to force the mortgage company to release you of liability and they never will unless someone of means manages to assume the mortgage.
I trust this answers your questions, but do not hesitate to call or email me on a free initial basis.
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Matthew R. Nahrgang, Esquire
35 Evansburg Road, Ste 400
Collegeville, PA 19426
610 489-3041 o
610 489-3042 fax
mnahrgang@verizon.net
nahrganglaw.com
Answered on Aug 31st, 2022 at 1:05 PM