Don't know what to do

[ilovemylife]

What is the name of your state (only U.S. law)? Maryland

My husband was previously married and had a house with a mortgage. Well before he and his ex wife divorced they put the house up for rent to own. Now the deed of the house has his name his ex wife's name and the tenants' name on it, but the mortgage is just in his and his ex wife's name. The tenants can't get the house financed in their name.We went back to the lawyer who drew up the papers for the rent to own because this house was supposed to be out of my husband's name within five years. The lawyer could not find any of the documents relating to this house. We don't recieve any of the mortgage statements because it goes to the house and the tenants make the payments. But here lately I have been getting phone calls stating the mortgage is in default. Since my husband left this house eight years ago the mortgage company has changed and the payment went down $200 is that fishy. The new mortgage is American Home Mortgage and they seem scandalous. (I found that tidbit out because of them calling me) What should he do since the mortgage and deed are different. We also have a house with a mortgage in Delaware. What would happen if the first house did go into foreclosure? Could they take our home. Would he be liable for the remaining balance? How long does foreclosure stay on your credit?What is the name of your state (only U.S. law)?

[nextwife]

Why in heaven's name were the buyer's names ADDED to the deed?

[ilovemylife]

I have no clue!

[nextwife]

Hubby needs to pull out his closing folder on that house, and contact the assignee of the mortgage. He can prove that he is the borrower by showing (via fax or scanning and emailing) his name on the original closing docs, at which point they will be required to discuss the loan with him. His transaction with those buyers, however, was not only badly conceived and managed, it probably violated the terms of his mortgage.