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Originally Posted by firecow What is the name of your state? Georgia
When my ex-husband and I divorced he wanted to keep the house which has two mortgages. This was acceptable to me so I signed a Quit Claim Deed giving him the house and all equity. It is also stated in our divorce papers that I relinquish all rights to the house and am not responsible for any payments.
My ex is now having problems paying the mortgage and tells me that I can end up having my wages garnished, along with his, to pay the mortgage company.
Is this possible?
Firecow |
Well....that isn't how mortgage companies normally do things. They don't garnish someone's wages, they foreclose on the house.
However, it was a real mistake to give him a quit claim deed without requiring him to refinance the house, in his own name, first.
Your credit IS being damaged by his lack of payment.....you are legally responsible for the mortgage too. The mortgage company isn't a party to your divorce agreement.
10-21-2005, 03:55 PM
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