bestoneyet
Junior Member
What is the name of your state (only U.S. law)? IL.
Major problem. He holds the sole mortgage, he signed the quit claim over to me. He isn't paying the mortgage, will it come back to bite me if it gets forclosed on? and since he holds a 401K with more than enough money to pay the back mortgage and the rest of this years mortgage, can he be made to use that to pay until the house is sold? And if not can I force him to cash it in, he is over 55, and take my half and not be penalized, I am not 55 yet?
Major problem. He holds the sole mortgage, he signed the quit claim over to me. He isn't paying the mortgage, will it come back to bite me if it gets forclosed on? and since he holds a 401K with more than enough money to pay the back mortgage and the rest of this years mortgage, can he be made to use that to pay until the house is sold? And if not can I force him to cash it in, he is over 55, and take my half and not be penalized, I am not 55 yet?